Georgia § 11-12a-303 Security interest unperfected before effective date

Georgia Statutes

§ 11-12a-303 — Security interest unperfected before effective date

Georgia § 11-12a-303

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This text of Georgia § 11-12a-303 (Security interest unperfected before effective date) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

O.C.G.A. § 11-12a-303 (2026).

Text

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 Code Section 11-9-203 , as amended by the Uniform Commercial Code Modernization Act of 2024, 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 the Uniform Commercial Code Modernization Act of 2024 are satisfied before or at that time; or (B) When the requirements for perfection are satisfied if the requirements are satisfied after that time.

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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 Code Section 11-9-203 , as amended by the Uniform Commercial Code Modernization Act of 2024, 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 the Uniform Commercial Code Modernization Act of 2024 are satisfied before or at that time; or (B) When the requirements for perfection are satisfied if the requirements are satisfied after that time.