§ 91133 — Security interest unperfected before effective date

A security interest that is enforceable immediately before the effective date of this section 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 section 9203 (relating to attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites), as amended by the act adding this chapter, on the effective date of this section or before the adjustment date; and

(3) becomes perfected:

(i) without further action, on the effective date of this section if the requirements for perfection under the act adding this chapter are satisfied before or at that time; or

(ii) when the requirements for perfection are satisfied if the requirements are satisfied after that time.

Legislative History

Cross References.Section 91133 is referred to in section 91131 of this title.