(a) This Act does not affect an action or proceeding commenced before this Act takes effect.
(b) If a security interest in a security is perfected at the date this Act takes effect, and the action by which the security
interest was perfected would suffice to perfect a security interest under this Act, no further action is required to continue
perfection. Except to the extent otherwise provided or permitted by subsection (d) hereof, if a security interest in a security
is perfected at the date this Act takes effect but the action by which the security interest was perfected would not suffice
to perfect a security interest under this Act, the security interest remains perfected for a period of one year after the
effective date and continues perfected thereafter if appropriate action to perfect under this Act or otherwise under the Uniform
Commercial Code is taken within that period. If a security interest is perfected at the date this Act takes effect and the
security interest can be perfected by filing under this Act, a financing statement signed by the secured party instead of
the debtor may be filed within that period to continue perfection or thereafter to perfect.
(c) Prior to the effective date of this Act, uncertificated interests in general and limited partnerships were not deemed
to be securities subject to Article 8 of the Uniform Commercial Code. Security interests with respect to uncertificated interests
in general and limited partnerships that are perfected when this Act becomes effective shall remain perfected until they lapse
as provided in Article 9 of the Uniform Commercial Code and may be continued as permitted by Article 9 of the Uniform Commercial
Code. For such uncertificated interests in general and limited partnerships, Article 9 of the Uniform Commercial Code in effect
immediately prior to the effective date of this Act shall apply to any questions of priority if the positions of the parties
were fixed prior to the effective date of this Act.
(d) If a security interest is perfected with respect to certificated securities under Article 8 of the Uniform Commercial
Code prior to the effective date of this Act, and if the filing of a financing statement would be required for the perfection
of the security interest after the effective date of this Act, the security interest remains perfected for a period of three
years after the effective date of this Act and continues perfected thereafter if appropriate action to perfect under this
Act or otherwise under the Uniform Commercial Code is taken within that period.
(a) This Act does not affect an action or proceeding commenced before this Act takes effect.
(b) If a security interest in a security is perfected at the date this Act takes effect, and the action by which the security
interest was perfected would suffice to perfect a security interest under this Act, no further action is required to continue
perfection. Except to the extent otherwise provided or permitted by subsection (d) hereof, if a security interest in a security
is perfected at the date this Act takes effect but the action by which the security interest was perfected would not suffice
to perfect a security interest under this Act, the security interest remains perfected for a period of one year after the
effective date and continues perfected thereafter if appropriate action to perfect under this Act or otherwise under the Uniform
Commercial Code is taken within that period. If a security interest is perfected at the date this Act takes effect and the
security interest can be perfected by filing under this Act, a financing statement signed by the secured party instead of
the debtor may be filed within that period to continue perfection or thereafter to perfect.
(c) Prior to the effective date of this Act, uncertificated interests in general and limited partnerships were not deemed
to be securities subject to Article 8 of the Uniform Commercial Code. Security interests with respect to uncertificated interests
in general and limited partnerships that are perfected when this Act becomes effective shall remain perfected until they lapse
as provided in Article 9 of the Uniform Commercial Code and may be continued as permitted by Article 9 of the Uniform Commercial
Code. For such uncertificated interests in general and limited partnerships, Article 9 of the Uniform Commercial Code in effect
immediately prior to the effective date of this Act shall apply to any questions of priority if the positions of the parties
were fixed prior to the effective date of this Act.
(d) If a security interest is perfected with respect to certificated securities under Article 8 of the Uniform Commercial
Code prior to the effective date of this Act, and if the filing of a financing statement would be required for the perfection
of the security interest after the effective date of this Act, the security interest remains perfected for a period of three
years after the effective date of this Act and continues perfected thereafter if appropriate action to perfect under this
Act or otherwise under the Uniform Commercial Code is taken within that period.
(a) This Act does not affect an action or proceeding commenced before this Act takes effect.
(b) If a security interest in a security is perfected at the date this Act takes effect, and the action by which the security
interest was perfected would suffice to perfect a security interest under this Act, no further action is required to continue
perfection. Except to the extent otherwise provided or permitted by subsection (d) hereof, if a security interest in a security
is perfected at the date this Act takes effect but the action by which the security interest was perfected would not suffice
to perfect a security interest under this Act, the security interest remains perfected for a period of one year after the
effective date and continues perfected thereafter if appropriate action to perfect under this Act or otherwise under the Uniform
Commercial Code is taken within that period. If a security interest is perfected at the date this Act takes effect and the
security interest can be perfected by filing under this Act, a financing statement signed by the secured party instead of
the debtor may be filed within that period to continue perfection or thereafter to perfect.
(c) Prior to the effective date of this Act, uncertificated interests in general and limited partnerships were not deemed
to be securities subject to Article 8 of the Uniform Commercial Code. Security interests with respect to uncertificated interests
in general and limited partnerships that are perfected when this Act becomes effective shall remain perfected until they lapse
as provided in Article 9 of the Uniform Commercial Code and may be continued as permitted by Article 9 of the Uniform Commercial
Code. For such uncertificated interests in general and limited partnerships, Article 9 of the Uniform Commercial Code in effect
immediately prior to the effective date of this Act shall apply to any questions of priority if the positions of the parties
were fixed prior to the effective date of this Act.
(d) If a security interest is perfected with respect to certificated securities under Article 8 of the Uniform Commercial
Code prior to the effective date of this Act, and if the filing of a financing statement would be required for the perfection
of the security interest after the effective date of this Act, the security interest remains perfected for a period of three
years after the effective date of this Act and continues perfected thereafter if appropriate action to perfect under this
Act or otherwise under the Uniform Commercial Code is taken within that period.