1. A security interest that is enforceable and perfected immediately before October 1, 2023, is a perfected security interest under chapter 505, Statutes of Nevada 2023, if, on October 1, 2023, the requirements for enforceability and perfection under chapter 505, Statutes of Nevada 2023, are satisfied without further action.
2. If a security interest is enforceable and perfected immediately before October 1, 2023, but the requirements for enforceability or perfection under chapter 505, Statutes of Nevada 2023, are not satisfied on October 1, 2023, the security interest:
(a)Is a perfected security interest until the earlier of the time perfection would have ceased under the law in effect immediately before October 1, 2023, or July 1, 2025;
(b)Remains enforceable thereafter only if the sec
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1. A security interest that is enforceable and perfected immediately before October 1, 2023, is a perfected security interest under chapter 505, Statutes of Nevada 2023, if, on October 1, 2023, the requirements for enforceability and perfection under chapter 505, Statutes of Nevada 2023, are satisfied without further action.
2. If a security interest is enforceable and perfected immediately before October 1, 2023, but the requirements for enforceability or perfection under chapter 505, Statutes of Nevada 2023, are not satisfied on October 1, 2023, the security interest:
(a) Is a perfected security interest until the earlier of the time perfection would have ceased under the law in effect immediately before October 1, 2023, or July 1, 2025;
(b) Remains enforceable thereafter only if the security interest satisfies the requirements for enforceability under NRS 104.9203 , as amended by section 52 of chapter 505, Statutes of Nevada 2023, before July 1, 2025; and
(c) Remains perfected thereafter only if the requirements for perfection under chapter 505, Statutes of Nevada 2023, are satisfied before the time specified in paragraph (a).