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New Mexico Statutes Chapter 55. Uniform Commercial Code § 55-12A-303. Security interest unperfected before January 1, 2024

Current as of January 01, 2024 | Updated by Findlaw Staff

<Text of section effective January 1, 2024>

A security interest that is enforceable immediately before January 1, 2024 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 pursuant to Section 55-9-203 NMSA 1978, as amended by this 2023 act, on January 1, 2024 or before the adjustment date; and

(3) becomes perfected:

(A) without further action on January 1, 2024 if the requirements for perfection pursuant to this 2023 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.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 55. Uniform Commercial Code § 55-12A-303. Security interest unperfected before January 1, 2024 - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-55-uniform-commercial-code/nm-st-sect-55-12a-303/

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