Section 42a-9-703 - Security interest perfected before October 1, 2001(a) A security interest that is enforceable immediately before October 1, 2001, and would have priority over the rights of a person that becomes a lien creditor at that time is a perfected security interest under public act 01-132 * if, on October 1, 2001, the applicable requirements for enforceability and perfection under public act 01-132 * are satisfied without further action.(b) Except as otherwise provided in section 42a-9-705, if, immediately before October 1, 2001, a security interest is enforceable and would have priority over the rights of a person that becomes a lien creditor at that time, but the applicable requirements for enforceability or perfection under public act 01-132 * are not satisfied on October 1, 2001, the security interest:(1) Is a perfected security interest for one year after October 1, 2001;(2) Remains enforceable thereafter only if the security interest becomes enforceable under section 42a-9-203 before the year expires; and(3) Remains perfected thereafter only if the applicable requirements for perfection under public act 01-132 * are satisfied before the year expires.Conn. Gen. Stat. § 42a-9-703
( P.A. 01-132, S. 127.)
*Note: Public act 01-132 is entitled "An Act Adopting Revised Article 9 of the Uniform Commercial Code Concerning Secured Transactions". (See Reference Table captioned "Public Acts of 2001" in Volume 16 which lists the sections amended, created or repealed by the act.)