{"data":{"id":"us-al/ala.-code-7-8-603","jurisdiction":"us-al","citation":"Ala. Code § 7-8-603","heading":"Savings Clause.","body":"(a) This act does not affect an action or proceeding commenced before this act takes effect.\n(b) If a security interest in a security is perfected at the date this act takes effect, and the action by which the security interest was perfected would suffice to perfect a security interest under this act, no further action is required to continue perfection. If a security interest in a security is perfected at the date this act takes effect but the action by which the security interest was perfected would not suffice to perfect a security interest under this act, the security interest remains perfected for a period of four months after the effective date and continues perfected thereafter if appropriate action to perfect under this act is taken within that period. If a security interest is perfected at the date this act takes effect and the security interest can be perfected by filing under this act, a financing statement signed by the secured party instead of the debtor may be filed within that period to continue perfection or thereafter to perfect.","path":["Title 7 Commercial Code.","Article 8 Investment Securities.","Part 6 Effective Date."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=7-8-603","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:52Z","sha256":"d76580d225f36e6897ca5fe1a6bf63d9df4077ac70aa9154319a24264d1b75f4","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-7-8-602","next":"us-al/ala.-code-7-9-101"},"notice":"GroundRules: Original legal text. Not legal advice."}