A security interest for the perfection of which filing or the taking of possession was required under the old U.C.C. and which attached prior to the effective date of the new U.C.C. but was not perfected shall be deemed perfected on the effective date of the new U.C.C. if the new U.C.C. permits perfection without filing or authorizes filing in the office or offices where a prior ineffective filing was made.
History: 1978 Comp., § 55-12-104, enacted by Laws 1985, ch. 193, § 42.
Cross references. — For definition of "old UCC" and "new UCC," see 55-12-101 NMSA 1978.
Compiler's notes. — This section appears as § 11-104 in the Uniform Act.
Structure New Mexico Statutes
Chapter 55 - Uniform Commercial Code
Article 12 - Effective Date and Transition Provisions
Section 55-12-101 - Effective date; ["old U.C.C." and "new U.C.C." defined]
Section 55-12-102 - Preservation of old transition provision.
Section 55-12-103 - Transition to new U.C.C.; general rule.
Section 55-12-104 - Transition provision on change of requirement of filing.
Section 55-12-105 - Transition provision on change of place of filing.
Section 55-12-106 - Required refilings.
Section 55-12-107 - Transition provisions as to priorities.
Section 55-12-108 - Presumption that rule of law continues unchanged.
Section 55-12-109 - Saving clause.