Indiana § 26-1-12.5-303 Security interest enforceable but unperfected on June 30, 2023;
conditions and time frame for continued enforceability; conditions and
effective date for perfection

Indiana Statutes

§ 26-1-12.5-303 — Security interest enforceable but unperfected on June 30, 2023; conditions and time frame for continued enforceability; conditions and effective date for perfection

Indiana § 26-1-12.5-303

Title 26COMMERCIAL LAW

Art. 1UNIFORM COMMERCIAL CODE

Ch. 12.5Transitional Provisions For Uniform Commercial

This text of Indiana § 26-1-12.5-303 (Security interest enforceable but unperfected on June 30, 2023; conditions and time frame for continued enforceability; conditions and effective date for perfection) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 26-1-12.5-303 (2026).

Text

A security interest that is enforceable on June 30, 2023, but is unperfected on June 30, 2023:

(1)remains an enforceable security interest until the adjustment date;

(2)remains enforceable on or after the adjustment date if the security interest becomes enforceable under IC 26-1-9.1-203, as amended by the act, on July 1, 2023, or before the adjustment date; and

(3)becomes perfected;

(A)without further action on July 1, 2023, if the requirements for perfection under the act are satisfied before or on July 1, 2023; or

(B)when the requirements for perfection under the act are satisfied if the requirements are satisfied after July 1, 2023.

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A security interest that is enforceable on
June 30, 2023, but is unperfected on June 30, 2023:
(1) remains an enforceable security interest until the adjustment
date;
(2) remains enforceable on or after the adjustment date if the
security interest becomes enforceable under IC 26-1-9.1-203, as
amended by the act, on July 1, 2023, or before the adjustment
date; and
(3) becomes perfected;
(A) without further action on July 1, 2023, if the requirements
for perfection under the act are satisfied before or on July 1,
2023; or
(B) when the requirements for perfection under the act are
satisfied if the requirements are satisfied after July 1, 2023.