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§ 11-12a-303 — Georgia Law | CourtGPT
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  4. Title 11 - Commercial Code/
  5. Article 12a - Transitional Provisions for Uniform Commercial Code Amendments/
  6. Part 3 - Transitional Provisions for Articles 9 and 12/
  7. § 11-12a-303
Georgia Legal Code

§ 11-12a-303

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A security interest that is enforceable immediately before July 1, 2024, but is unperfected at that time:(1) Remains an enforceable security interest until the adjustment date;(2) Remains enforceable thereafter if the security interest becomes enforceable under Code Section 11-9-203, as amended by the Uniform Commercial Code Modernization Act of 2024, on July 1, 2024, or before the adjustment date; and(3) Becomes perfected: (A) Without further action, on July 1, 2024, if the requirements for perfection under the Uniform Commercial Code Modernization Act of 2024 are satisfied before or at that time; or(B) When the requirements for perfection are satisfied if the requirements are satisfied after that time.Added by 2024 Ga. Laws 600,§ 4-1, eff. 7/1/2024.