Section 55-12A-303 - Security interest unperfected before January 1, 2024A security interest that is enforceable immediately before January 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 pursuant to Section 55-9-203 NMSA 1978, as amended by this 2023 act, on January 1, 2024 or before the adjustment date; and(3) becomes perfected: (A) without further action on January 1, 2024 if the requirements for perfection pursuant to this 2023 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.Added by 2023, c. 142,s. 108, eff. 1/1/2024.