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§ 7-9a-803 — Alabama Law | CourtGPT
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  4. Title 7 - Commercial Code/
  5. Article 9a - Secured Transactions/
  6. Part 8 - Transition for 2014 Amendments/
  7. § 7-9a-803
Alabama Legal Code

§ 7-9a-803

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(a) Continuing perfection: perfection requirements satisfied. A security interest that is a perfected security interest immediately before July 1, 2014, is a perfected security interest under Article 9A as amended by Act 2014-374 if, when Act 2014-374 takes effect, the applicable requirements for attachment and perfection under Article 9A as amended by Act 2014-374 are satisfied without further action.(b) Continuing perfection: perfection requirements not satisfied. Except as otherwise provided in Section 7-9A-805, if, immediately before July 1, 2014, a security interest is a perfected security interest, but the applicable requirements for perfection under Article 9A as amended by Act 2014-374 are not satisfied before July 1, 2014, the security interest remains perfected thereafter only if the applicable requirements for perfection under Article 9A as amended by Act 2014-374 are satisfied before July 1, 2014.(Act 2014-374, p. 1339, §2.)