Statute · New York Uniform Commercial Code

N.Y. U.C.C. Law § 12-A-303 — Security Interest Unperfected Before Effective Date

N.Y. U.C.C. Law § 12-A-303

Type: Statute
Source: New York Uniform Commercial Code
Jurisdiction: New York
Current through: Nov 5, 2026 (NY Senate Open Legislation)

Section 12-A-303. Security Interest Unperfected Before Effective Date.

Citator

N.Y. U.C.C. Law § 12-A-303 — Security Interest Unperfected Before Effective Date is in force in the current edition of the Code, and nothing recorded condemns it.

Section 12-A-303. Security Interest Unperfected Before Effective Date.

A security interest that is enforceable immediately before the effective date of the UCC Revision Act but is unperfected at that time:

(1) remains an enforceable security interest until the adjustment date;

(2) remains enforceable thereafter if the security interest becomes enforceable under Section 9--203, as amended by the UCC Revision Act, on the effective date of the UCC Revision Act or before the adjustment date; and

(3) becomes perfected:

(A) without further action, on the effective date of the UCC Revision Act if the requirements for perfection under the revised UCC are satisfied before or at that time; or

(B) when the requirements for perfection are satisfied if the requirements are satisfied after that time.