a) Pre-effective-date action; attachment and perfection before adjustment date. If action, other than the filing of a financing statement, is taken before July 1, 2024, and the action would have resulted in perfection of the security interest had the security interest become enforceable before July 1, 2024, the action is effective to perfect a security interest that attaches underAct 2023-492 before the adjustment date. An attached security interest becomes unperfected on the adjustment date unless the security interest becomes a perfected security interest under before the adjustment date.(b) Pre-effective-date filing. The filing of a financing statement before July 1, 2024, is effective to perfect a security interest on July 1, 2024 to the extent the filing would satisfy the requirements for perfection underAct 2023-492.(c) Pre-effective-date enforceability action. The taking of an action before July 1, 2024, is sufficient for the enforceability of a security interest on July 1, 2024, if the action would satisfy the requirements for enforceability underAct 2023-492.(Act 2023-492, §4.)
Alabama Legal Code