§ 4-13-301 — Saving clause

(a) Except as provided in this part 3, article 9, as
amended by Senate Bill 23-090, enacted in 2023, and article 12 of this title 4, as
enacted by Senate Bill 23-090, enacted in 2023, apply to a transaction, lien, or
other interest in property, even if the transaction, lien, or interest was entered into,
created, or acquired before the effective date of this article 13.

(b) Except as provided in subsection (c) of this section and sections 4-13-302
to 4-13-306:

(1) A transaction, lien, or interest in property that was validly entered into,
created, or transferred before the effective date of this article 13 and that was not
governed by this title 4, but would be subject to article 9 of this title 4, as amended
by Senate Bill 23-090, enacted in 2023, or article 12 of this title 4, as enacted by
Senate Bill 23-090, enacted in 2023, if it had been entered into, created, or
transferred on or after the effective date of this article 13, including the rights,
duties, and interests flowing from the transaction, lien, or interest, remains valid on
and after the effective date of this article 13; and

(2) The transaction, lien, or interest may be terminated, completed,
consummated, and enforced as required or permitted by this title 4, as amended by
Senate Bill 23-090, enacted in 2023, or by the law that would apply if this title 4, as
amended by Senate Bill 23-090, enacted in 2023, had not taken effect.

(c) This article 13 does not affect an action, case, or proceeding commenced
before the effective date of this article 13.

Legislative History

Source: L. 2023: Entire section added, (SB 23-090), ch. 136, p. 569, � 89, effective August 7.