28-9-804. SECURITY INTEREST UNPERFECTED BEFORE EFFECTIVE DATE. A security interest that is an unperfected security interest immediately before this act takes effect becomes a perfected security interest:
(1) Without further action, when this act takes effect if the applicable requirements for perfection under this chapter as amended by this act 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.
History:
[28-9-804, added 2012, ch. 145, sec. 20, p. 410.]
Structure Idaho Code
Title 28 - COMMERCIAL TRANSACTIONS
Chapter 9 - SECURED TRANSACTIONS
Part 8 - TRANSITION PROVISIONS FOR 2011 AMENDMENTS
Section 28-9-801 - [RESERVED.]
Section 28-9-802 - SAVINGS CLAUSE.
Section 28-9-803 - SECURITY INTEREST PERFECTED BEFORE EFFECTIVE DATE.
Section 28-9-804 - SECURITY INTEREST UNPERFECTED BEFORE EFFECTIVE DATE.
Section 28-9-805 - EFFECTIVENESS OF ACTION TAKEN BEFORE EFFECTIVE DATE.
Section 28-9-807 - AMENDMENT OF PRE-EFFECTIVE-DATE FINANCING STATEMENT.
Section 28-9-808 - PERSON ENTITLED TO FILE INITIAL FINANCING STATEMENT OR CONTINUATION STATEMENT.