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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) The rights, duties and interests flowing from a transaction, certificate of title or record relating to a vessel that was validly entered into or created before January 1, 2016, and would be subject to sections 15-201 to 15-232, inclusive, if it had been entered into or created on or after January 1, 2016, remain valid on and after January 1, 2016.
(b)Sections 15-201 to 15-232, inclusive, do not affect an action or proceeding commenced before January 1, 2016.
(c) Except as otherwise provided in subsection (d) of this section, a security interest that is enforceable immediately before January 1, 2016, and would have priority over the rights of a person that becomes a lien creditor at that time is a perfected security interest under sections 15-201 to 15-232, inclusive.
(d) A security interest in a vessel for which a certificate of title is required under sections 15-201 to 15-232, inclusive, that is perfected immediately before January 1, 2016, remains perfected until the earlier of:
(1) The time perfection would have ceased under the law under which the security interest was perfected; or
(2) January 1, 2019.
(e)Sections 15-201 to 15-232, inclusive, shall not affect the priority of a security interest in a vessel if immediately before January 1, 2016, the security interest is enforceable and perfected, and that priority is established.
Cite this article: FindLaw.com - Connecticut General Statutes Title 15. Navigation and Aeronautics § 15-227. Savings clause - last updated January 01, 2025 | https://codes.findlaw.com/ct/title-15-navigation-and-aeronautics/ct-gen-st-sect-15-227/
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