(1) This act does not affect an action or proceeding commenced before this act takes effect.
(2) If a security interest in a security is perfected at the date this act takes effect, and the action by which the security interest was perfected would suffice to perfect a security interest under this act, no further action is required to continue perfection. If a security interest in a security is perfected at the date this act takes effect but the action by which the security interest was perfected would not suffice to perfect a security interest under this act, the security interest remains perfected for a period of 4 months after the effective date and continues perfected thereafter if appropriate action to perfect under this act is taken within that period. If a security interest is perfected at the date this act takes effect and the security interest can be perfected by filing under this act, a financing statement signed by the secured party instead of the debtor may be filed within that period to continue perfection or thereafter to perfect.
History.—s. 24, ch. 98-11.
Structure Florida Statutes
Title XXXIX - Commercial Relations
Chapter 678 - Uniform Commercial Code: Investment Securities
Part I - Short Title and General Matters (Ss. 678.1011-678.1171)
678.1041 - Acquisition of security or financial asset or interest therein.
678.1051 - Notice of adverse claim.
678.1071 - Whether indorsement, instruction, or entitlement order is effective.
678.1081 - Warranties in direct holding.
678.1091 - Warranties in indirect holding.
678.1101 - Applicability; choice of law.
678.1111 - Clearing corporation rules.
678.1121 - Creditor’s legal process.
678.1131 - Statute of frauds inapplicable.
678.1141 - Evidentiary rules concerning certificated securities.
678.1151 - Securities intermediary and others not liable to adverse claimant.