D.C. Code § 28:12-204

Current through codified legislation effective October 30, 2024
Section 28:12-204 - Security interest unperfected before effective date of 2024 Act

A security interest that is enforceable immediately before the effective date of the 2024 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 § 28:9-203, as amended by the 2024 Act, on the effective date of the 2024 Act or before the adjustment date; and
(3) Becomes perfected:
(A) Without further action, on the effective date of the 2024 Act if the requirements for perfection under the 2024 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.

D.C. Code § 28:12-204

Added by D.C. Law 25-158,§ 2, 71 DCR 002265, eff. 4/20/2024.