Section 4-13-302 - Security interest perfected before effective date

(a) A security interest that is enforceable and perfected immediately before the effective date of this article 13 is a perfected security interest under this title 4 if, on the effective date of this article 13, the requirements for enforceability and perfection under this title 4 are satisfied without further action.(b) If a security interest is enforceable and perfected immediately before the effective date of this article 13, but the requirements for enforceability or perfection under this title 4 are not satisfied on the effective date of this article 13, the security interest: (1) Is a perfected security interest until the earlier of the time perfection would have ceased under the law in effect immediately before the effective date of this article 13 or the adjustment date;(2) Remains enforceable thereafter only if the security interest satisfies the requirements for enforceability under section 4-9-203, as amended by Senate Bill 23-090, enacted in 2023, before the adjustment date; and(3) Remains perfected thereafter only if the requirements for perfection under this title 4 are satisfied before the time specified in subsection (b)(1) of this section.Added by 2023 Ch.

ent date; and(3) Remains perfected thereafter only if the requirements for perfection under this title 4 are satisfied before the time specified in subsection (b)(1) of this section.Added by 2023 Ch. 136,§ 89, eff. 8/7/2023.2023 Ch. 136, was passed without a safety clause. See Colo. Const. art. V, § 1(3).