Section 1316.304
Effectiveness of actions taken before effective date [UCC A-304]
(A) If action, other than the filing of a financing statement, is taken before the effective date of this section and the action would have resulted in perfection of the security interest had the security interest become enforceable before the effective date of this section, the action is effective to perfect a security interest that attaches under the Uniform Commercial Code, as it exists on the effective date of this section, before the adjustment date. An attached security interest becomes unperfected on the adjustment date unless the security interest becomes a perfected security interest under the Uniform Commercial Code, as it exists on the effective date of this section, before the adjustment date.
(B) The filing of a financing statement before the effective date of this section is effective to perfect a security interest on the effective date of this section to the extent that the filing would satisfy the requirements for perfection under the Uniform Commercial Code, as it exists on the effective date of this section.
(C) The taking of an action before the effective date of this section is sufficient for the enforceability of a security interest on the effective date of this section if the action would satisfy the requirements for enforceability under the Uniform Commercial Code, as it exists on the effective date of this section.
Last updated July 20, 2026 at 4:21 PM
Available Versions of this Section
- October 6, 2026 – Enacted by House Bill 195 - 136th General Assembly [ View October 6, 2026 Version ]