Security interest unperfected before effective date A security interest that is an unperfected security interest immediately before the Act takes effect becomes a perfected security interest: (1) without further action, when the Act takes effect if the applicable requirements for perfection under Article 9 of this title, as amended by the Act, are satisfied before or at that time; or (2) when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time. (Added 2013, No. 157 (Adj. Sess.), § 1.)
Vermont Legal Code