§ 34.1-9-704 — Security interest unperfected before effective date

(a) A security interest that is enforceable immediately
before this act takes effect but which would be subordinate to
the rights of a person that becomes a lien creditor at that
time:
(i) Remains an enforceable security interest for one
(1) year after this act takes effect;
(ii) Remains enforceable thereafter if the security
interest becomes enforceable under section 34.1-9-203 when this
act takes effect or within one (1) year thereafter; and
(iii) Becomes perfected:
(A) Without further action, when this act takes
effect if the applicable requirements for perfection under this
act are satisfied before or at that time; or
(B) When the applicable requirements for
perfection are satisfied if the requirements are satisfied after
that time.