(a) A security interest that is a perfected security interest immediately before this act takes effect is a perfected security interest under this chapter as amended by this act if, when this act takes effect, the applicable requirements for attachment and perfection under this chapter as amended by this act are satisfied without further action.
(b) Except as otherwise provided in § 4-9-805, if, immediately before this act takes effect, a security interest is a perfected security interest, but the applicable requirements for perfection under this chapter as amended by this act are not satisfied when this act takes effect, the security interest remains perfected thereafter only if the applicable requirements for perfection under this chapter as amended by this act are satisfied within one year after this act takes effect.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 1 - Uniform Commercial Code
Chapter 9 - Secured Transactions
Part 8 - Transition Provisions for 2010 Amendments
§ 4-9-803. Security interest perfected before effective date
§ 4-9-804. Security interest unperfected before effective date
§ 4-9-805. Effectiveness of action taken before effective date
§ 4-9-807. Amendment of pre-effective-date financing statement
§ 4-9-808. Persons entitled to file initial financing statement or continuation statement