§ 4-13-304 — Effectiveness of actions taken before effective date

Colorado § 4-13-304

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

Text

(a) If
action, other than the filing of a financing statement, is taken before the effective
date of this article 13 and the action would have resulted in perfection of the
security interest had the security interest become enforceable before the effective
date of this article 13, the action is effective to perfect a security interest that
attaches under this title 4 before the adjustment date. An attached security
interest becomes unperfected on the adjustment date unless the security interest
becomes a perfected security interest under this title 4 before the adjustment date.

(b) The filing of a financing statement before the effective date of this article
13 is effective to perfect a security interest on the effective date of this article 13 to
the extent the filing would satisfy the requirements for perfection under this title 4.

(c) The taking of an action before the effective date of this article 13 is
sufficient for the enforceability of a security interest on the effective date of this
article 13 if the action would satisfy the requirements for enforceability under this
title 4.

Legislative History

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