§ 26-1-12.5-304 — Action other than filing taken before July 1, 2023, to perfect security interest; perfection effective until adjustment date; conditions for effectiveness of financing statement filed before July 1, 2023, to perfect security interest; sufficiency of action taken before July 1, 2023, with respect to enforceability

Indiana § 26-1-12.5-304

• Jurisdiction: Indiana
• Title 26: COMMERCIAL LAW
• Art. 1: UNIFORM COMMERCIAL CODE
• Ch. 12.5: Transitional Provisions For Uniform Commercial

Text

(a) If action, other than the filing of a
financing statement, is taken before July 1, 2023, and the action would
have resulted in perfection of a security interest had the security
interest become enforceable before July 1, 2023, the action is effective
to perfect a security interest that attaches under the act before the
adjustment date. An attached security interest becomes unperfected on
the adjustment date unless the security interest becomes a perfected
security interest under the act before the adjustment date.
(b) The filing of a financing statement before July 1, 2023, is
effective to perfect a security interest on July 1, 2023, to the extent the
filing would satisfy the requirements for perfection under the act.
(c) The taking of an action before July 1, 2023, is sufficient for the
enforceability of a security interest on July 1, 2023, if the action would
satisfy the requirements for enforceability under the act.

Legislative History

As added by P.L.199-2023, SEC.91.