Alabama Statutes
§ 7-12A-303 — Security Interest Unperfected Before July 1, 2024
Alabama·Title 7 Commercial Code·Art. 12A Transitional Provisions for Uniform Commercial Code Amendments (2022)·Part 3 Transitional Provisions for Articles 9A and 12
A security interest that is enforceable immediately before July 1, 2024 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 7-9A-203, as amended by
Act 2023-492, on July 1, 2024, or before the adjustment date; and
(3)becomes perfected:
(A)without further action, on July 1, 2024, if the requirements for perfection under
Act 2023-492
are satisfied before or at that time; or
(B)when the requirements for perfection are satisfied if the requirements are satisfied after July 1, 2024.
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Alabama § 7-12A-303 (Security Interest Unperfected Before July 1, 2024) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Act 2023-492, §4.)
Nearby Sections
15
§ 7-1-101
Short Titles§ 7-1-102
Scope of Article§ 7-1-104
Construction Against Implied Repeal§ 7-1-105
Severability§ 7-1-106
Use of Singular and Plural; Gender§ 7-1-107
Section Captions§ 7-1-109
Section Captions§ 7-1-201
General Definitions§ 7-1-202
Notice; Knowledge§ 7-1-204
Value§ 7-1-205
Reasonable Time; Seasonableness§ 7-1-206
Presumptions