12A:9-804. Security interest unperfected before effective date.

   12A:9-804. Security Interest Unperfected Before Effective Date.

   A security interest that is an unperfected security interest immediately before this act takes effect becomes a perfected security interest:
 
   (1)   without further action, when this act takes effect if the applicable requirements for perfection under Chapter 9 as amended by this act are satisfied before or at that time; or
 
   (2)   when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.
 
   L.2013, c.65, s.30.