Del. Code tit. 6 § A-303

Current through 2024 Legislative Session Act Chapter 364
Section A-303 - Security interest unperfected before effective date

A security interest that is enforceable immediately before [the effective date of this Act] 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 9-203, as amended by the amending Act, on [the effective date of this Act] or before the adjustment date; and
(3) becomes perfected:
(A) without further action, on [the effective date of this Act] if the requirements for perfection under the amending Act are satisfied before or at that time; or
(B) when the requirements for perfection are satisfied if the requirements are satisfied after that time.

6 Del. C. § A-303

Added by Laws 2023 , ch. 174, s 90, eff. 8/18/2023.