Montana § 30-9A-903 Security Interest Unperfected Before Effective Date

Montana Statutes

§ 30-9A-903 — Security Interest Unperfected Before Effective Date

Montana·Title 30 TRADE AND COMMERCE·Ch. 9A UNIFORM COMMERCIAL CODE SECURED TRANSACTIONS·Part 9 2025 Transitional Provisions

30-9A-903 . Security interest unperfected before effective date. A security interest that is enforceable immediately before October 1, 2025, 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 30-9A-203 , as amended by Chapter 200, Laws of 2025, on October 1, 2025, or before the adjustment date; and

(3)becomes perfected:

(a)without further action, on October 1, 2025, if the requirements for perfection under Chapter 200, Laws of 2025, 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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30-9A-903 . Security interest unperfected before effective date. A security interest that is enforceable immediately before October 1, 2025, 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 30-9A-203 , as amended by Chapter 200, Laws of 2025, on October 1, 2025, or before the adjustment date; and
(3) becomes perfected:
(a) without further action, on October 1, 2025, if the requirements for perfection under Chapter 200, Laws of 2025, are satisfied before or at that time; or
(b) when the requirements for perfection are satisfied if the requirements are satisfied after that time.

Montana § 30-9A-903 (Security Interest Unperfected Before Effective Date) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.