(1) Remains an enforceable security interest for 1 year after this act takes effect;
(2) Remains enforceable thereafter if the security interest becomes enforceable under former s. 679.203 when this act takes effect or within 1 year thereafter; and
(3) Becomes perfected:
(a) Without further action when this act takes effect if the applicable requirements for perfection under this act are satisfied before or at that time; or
(b) When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.
History.—s. 8, ch. 2001-198; s. 102, ch. 2003-1.
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.