Alabama § 7-12A-304 Effectiveness of Actions Taken Before July 1, 2024

Alabama Statutes

§ 7-12A-304 — Effectiveness of Actions Taken Before July 1, 2024

Alabama § 7-12A-304

Title 7Commercial Code

Art. 12ATransitional Provisions for Uniform Commercial Code Amendments (2022)

Part 3Transitional Provisions for Articles 9A and 12

This text of Alabama § 7-12A-304 (Effectiveness of Actions Taken Before July 1, 2024) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 7-12A-304 (2026).

Text

a) Pre-effective-date action; attachment and perfection before adjustment date. If action, other than the filing of a financing statement, is taken before July 1, 2024, and the action would have resulted in perfection of the security interest had the security interest become enforceable before July 1, 2024, the action is effective to perfect a security interest that attaches under Act 2023-492 before the adjustment date. An attached security interest becomes unperfected on the adjustment date unless the security interest becomes a perfected security interest under before the adjustment date.

(b)Pre-effective-date filing. The filing of a financing statement before July 1, 2024, is effective to perfect a security interest on July 1, 2024 to the extent the filing would satisfy the requiremen

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a) Pre-effective-date action; attachment and perfection before adjustment date. If action, other than the filing of a financing statement, is taken before July 1, 2024, and the action would have resulted in perfection of the security interest had the security interest become enforceable before July 1, 2024, the action is effective to perfect a security interest that attaches under
Act 2023-492
before the adjustment date. An attached security interest becomes unperfected on the adjustment date unless the security interest becomes a perfected security interest under before the adjustment date.
(b) Pre-effective-date filing. The filing of a financing statement before July 1, 2024, is effective to perfect a security interest on July 1, 2024 to the extent the filing would satisfy the requirements for perfection under
Act 2023-492.
(c) Pre-effective-date enforceability action. The taking of an action before July 1, 2024, is sufficient for the enforceability of a security interest on July 1, 2024, if the action would satisfy the requirements for enforceability under
Act 2023-492.