A security interest that is an unperfected security interest immediately before the Act takes effect becomes a perfected security interest:
(1) Without further action, when the Act takes effect if the applicable requirements for perfection under this title, as amended by the 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.
Structure Maryland Statutes
Title 9 - Secured Transactions
Subtitle 8 - Transition Provisions for 2012 Amendments
Section 9-802 - Effective Date
Section 9-803 - Savings Clause
Section 9-804 - Security Interest Perfected Before Effective Date
Section 9-805 - Security Interest Unperfected Before Effective Date
Section 9-806 - Effectiveness of Action Taken Before Effective Date
Section 9-808 - Amendment of Pre-Effective-Date Financing Statement
Section 9-809 - Person Entitled to File Initial Financing Statement or Continuation Statement