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Current as of January 01, 2024 | Updated by Findlaw Staff
A security interest that is enforceable immediately before the effective date of the 2024 Act but is unperfected at that time:
(1) Remains an enforceable security interest until the adjustment date;
(2) Remains enforceable thereafter if the security interest becomes enforceable under § 28:9-203, as amended by the 2024 Act, on the effective date of the 2024 Act or before the adjustment date; and
(3) Becomes perfected:
(A) Without further action, on the effective date of the 2024 Act if the requirements for perfection under the 2024 Act are satisfied before or at that time; or
(B) When the requirements for perfection are satisfied if the requirements are satisfied after that time.
Cite this article: FindLaw.com - District of Columbia Code Division V. Local Business Affairs § 28:12-204. Security interest unperfected before effective date of 2024 Act. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-v-local-business-affairs/dc-code-sect-28-12-204/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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