§ 4-13-302 — Security interest perfected before effective date

Colorado § 4-13-302

• Jurisdiction: Colorado
• Title 04: Uniform
• Art.: Transitional Provisions for Uniform Commercial Code Amendments (2022)

Text

(a) A security
interest that is enforceable and perfected immediately before the effective date of
this article 13 is a perfected security interest under this title 4 if, on the effective
date of this article 13, the requirements for enforceability and perfection under this
title 4 are satisfied without further action.

(b) If a security interest is enforceable and perfected immediately before the
effective date of this article 13, but the requirements for enforceability or
perfection under this title 4 are not satisfied on the effective date of this article 13,
the security interest:

(1) Is a perfected security interest until the earlier of the time perfection
would have ceased under the law in effect immediately before the effective date of
this article 13 or the adjustment date;

(2) Remains enforceable thereafter only if the security interest satisfies the
requirements for enforceability under section 4-9-203, as amended by Senate Bill
23-090, enacted in 2023, before the adjustment date; and

(3) Remains perfected thereafter only if the requirements for perfection
under this title 4 are satisfied before the time specified in subsection (b)(1) of this
section.

Legislative History

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