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§ 678.1171 — Florida Law | CourtGPT
  1. Home/
  2. Laws/
  3. Florida/
  4. Title Xxxix - Commercial Relations/
  5. Chapter 678 - Uniform Commercial Code: Investment Securities/
  6. Part I - Short Title and General Matters (Ss. 678.1011-678.1171)678.1011 - Short Title/
  7. § 678.1171
Florida Legal Code

§ 678.1171

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678.1171 Application of ch. 98-11.—(1) This act does not affect an action or proceeding commenced before this act takes effect.(2) 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. 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 4 months after the effective date and continues perfected thereafter if appropriate action to perfect under this act 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.History.—s. 24, ch. 98-11.