N.Y. Uniform Commercial Code Law § 12-a-304: Effectiveness of Actions Taken Before Effective Date

Section 12-A-304. Effectiveness of Actions Taken Before Effective Date.

(a) Pre-effective-date action; attachment and perfection before

adjustment date. If action, other than the filing of a financing

statement, is taken before the effective date of the UCC Revision Act

and the action would have resulted in perfection of the security

interest had the security interest become enforceable before the

effective date of the UCC Revision Act, the action is effective to

perfect a security interest that attaches under the revised UCC before

the adjustment date. An attached security interest becomes unperfected

on the adjustment date unless the security interest becomes a perfected

security interest under the revised UCC before the adjustment date.

(b) Pre-effective-date filing. The filing of a financing statement

before the effective date of the UCC Revision Act is effective to

perfect a security interest on the effective date of this article to the

extent the filing would satisfy the requirements for perfection under

the revised UCC.

(c) Pre-effective-date enforceability action. The taking of an action

before the effective date of the UCC Revision Act is sufficient for the

enforceability of a security interest on the effective date of the UCC

Revision Act if the action would satisfy the requirements for

enforceability under the revised UCC.