(1) Except as otherwise provided in this part, this act applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before this act takes effect.
(2) Except as otherwise provided in subsection (3) and ss. 679.703-679.709:
(a) Transactions and liens that were not governed by chapter 679, Florida Statutes 2000, were validly entered into or created before this act takes effect, and would be subject to this act if they had been entered into or created after this act takes effect, and the rights, duties, and interests flowing from those transactions and liens remain valid after this act takes effect; and
(b) The transactions and liens may be terminated, completed, consummated, and enforced as required or permitted by this act or by the law that otherwise would apply if this act had not taken effect.
(3) This act does not affect an action, case, or proceeding commenced before this act takes effect.
History.—s. 8, ch. 2001-198.
Structure Florida Statutes
Title XXXIX - Commercial Relations
Chapter 679 - Uniform Commercial Code: Secured Transactions
Part VII - Transition (Ss. 679.701-679.709)
679.703 - Security interest perfected before effective date.
679.704 - Security interest unperfected before effective date.
679.705 - Effectiveness of action taken before effective date.
679.707 - Amendment or pre-effective date financing statement.
679.708 - Persons entitled to file initial financing statement or continuation statement.