§ 34.1-8-603 — Savings clause

(a) This act does not affect an action or proceeding
commenced before this act takes effect.
(b) If a security interest in a security is perfected at
the date this act takes effect, and the action by which the
security interest was perfected would suffice to perfect a
security interest under this act, no further action is required
to continue perfection. If a security interest in a security is
perfected at the date this act takes effect but the action by
which the security interest was perfected would not suffice to
perfect a security interest under this act, the security
interest remains perfected for a period of four (4) months after
the effective date and continues perfected thereafter if
appropriate action to perfect under this act is taken within
that period. If a security interest is perfected at the date
this act takes effect and the security interest can be perfected
by filing under this act, a financing statement signed by the
secured party instead of the debtor may be filed within that
period to continue perfection or thereafter to perfect.