Section 6A-11-301 - Saving clause(a) Pre-effective-date transaction, lien, or interest. Except as provided in this part, chapter 9 as amended by the amendatory act and chapter 12 apply to a transaction, lien, or other interest in property, even if the transaction, lien, or interest was entered into, created, or acquired before January 1, 2024.(b) Continuing validity. Except as provided in subsection (c) of this section and § 6A-11-301 through § 6A-11-306: (1) A transaction, lien, or interest in property that was validly entered into, created, or transferred before January 1, 2024 and was not governed by this title, but would be subject to chapter 9 of title 6A as amended by the amendatory act or chapter 12 of title 6A if it had been entered into, created, or transferred on or after January 1, 2024, including the rights, duties, and interests flowing from the transaction, lien, or interest, remains valid on and after January 1, 2024; and(2) The transaction, lien, or interest may be terminated, completed, consummated, and enforced as required or permitted by the amendatory act or by the law that would apply if the amendatory act had not taken effect.(c) Pre-effective-date proceeding. The amendatory act does not affect an action, case, or proceeding commenced before January 1, 2024.R.I. Gen. Laws § 6A-11-301
Added by 2024 Pub. Laws, ch. 65,§ 12, eff. 6/10/2024.Added by 2024 Pub. Laws, ch. 66,§ 12, eff. 6/10/2024.