(a) This title does not affect an action or proceeding commenced beforeJanuary 1, 1997.
(b) If a security interest in a security is perfected on January 1, 1997, andthe action by which the security interest was perfected would suffice toperfect a security interest under this title, no further action is requiredto continue perfection.
If a security interest in a security is perfected on January 1, 1997, but theaction by which the security interest was perfected would not suffice toperfect a security interest under this title, the security interest remainsperfected for a period of four months, until May 1, 1997, and continuesperfected thereafter if appropriate action to perfect under this title istaken within that period.
If a security interest is perfected on January 1, 1997, and the securityinterest can be perfected by filing under this title, a financing statementsigned by the secured party instead of the debtor may be filed within thatperiod to continue perfection or thereafter to perfect.
(a) This title does not affect an action or proceeding commenced beforeJanuary 1, 1997.
(b) If a security interest in a security is perfected on January 1, 1997, andthe action by which the security interest was perfected would suffice toperfect a security interest under this title, no further action is requiredto continue perfection.
If a security interest in a security is perfected on January 1, 1997, but theaction by which the security interest was perfected would not suffice toperfect a security interest under this title, the security interest remainsperfected for a period of four months, until May 1, 1997, and continuesperfected thereafter if appropriate action to perfect under this title istaken within that period.
If a security interest is perfected on January 1, 1997, and the securityinterest can be perfected by filing under this title, a financing statementsigned by the secured party instead of the debtor may be filed within thatperiod to continue perfection or thereafter to perfect.
(a) This title does not affect an action or proceeding commenced beforeJanuary 1, 1997.
(b) If a security interest in a security is perfected on January 1, 1997, andthe action by which the security interest was perfected would suffice toperfect a security interest under this title, no further action is requiredto continue perfection.
If a security interest in a security is perfected on January 1, 1997, but theaction by which the security interest was perfected would not suffice toperfect a security interest under this title, the security interest remainsperfected for a period of four months, until May 1, 1997, and continuesperfected thereafter if appropriate action to perfect under this title istaken within that period.
If a security interest is perfected on January 1, 1997, and the securityinterest can be perfected by filing under this title, a financing statementsigned by the secured party instead of the debtor may be filed within thatperiod to continue perfection or thereafter to perfect.
