Section 11-12A-303 - Security interest unperfected before effective dateA security interest that is enforceable immediately before July 1, 2024, 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 Code Section 11-9-203, as amended by the Uniform Commercial Code Modernization Act of 2024, on July 1, 2024, or before the adjustment date; and(3) Becomes perfected: (A) Without further action, on July 1, 2024, if the requirements for perfection under the Uniform Commercial Code Modernization Act of 2024 are satisfied before or at that time; or(B) When the requirements for perfection are satisfied if the requirements are satisfied after that time.Added by 2024 Ga. Laws 600,§ 4-1, eff. 7/1/2024.