A security interest that is an unperfected security interest immediately before July 1, 2014, becomes a perfected security interest:
(1) without further action, on July 1, 2014, if the applicable requirements for perfection under Article 9A as amended by Act 2014-374 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.
Structure Code of Alabama
Article 9A - Secured Transactions.
Part 8 - Transition for 2014 Amendments.
Section 7-9A-801 - Effective Date.
Section 7-9A-802 - Savings Clause.
Section 7-9A-803 - Security Interest Perfected Before July 1, 2014.
Section 7-9A-804 - Security Interest Unperfected Before Effective Date.
Section 7-9A-805 - Effectiveness of Action Taken Before Effective Date.
Section 7-9A-807 - Amendment of Pre-Effective Date Financing Statement.
Section 7-9A-808 - Person Entitled to File Initial Financing Statement or Continuation Statement.