Sec. 9804.
A security interest that is an unperfected security interest immediately before the effective date of this amendatory act becomes a perfected security interest when either of the following occurs:
(a) Without further action, on the effective date of this amendatory act if the applicable requirements for perfection under this amended article are satisfied before or at that time.
(b) When the applicable requirements for perfection are satisfied if the requirements are satisfied after the effective date of this amendatory act.
History: Add. 2012, Act 88, Eff. July 1, 2013
Structure Michigan Compiled Laws
Chapter 440 - Uniform Commercial Code
Act 174 of 1962 - Uniform Commercial Code (440.1101 - 440.11102)
Article 9 - Secured Transactions (440.9101...440.9994)
174-1962-9-8 - Part 8 Transition Provisions for 2010 Amendments (440.9801...440.9809)
Section 440.9801 - Definitions.
Section 440.9802 - Applicability; Scope.
Section 440.9803 - Perfected Security Interest Before Effective Date of Amendatory Act.
Section 440.9804 - Unperfected Security Interest Before Effective Date of Amendatory Act.
Section 440.9808 - Filing Initial Financing Statement or Continuation Statement; Conditions.