§ 1-9-803. Security interest perfected before effective date
Oklahoma Statutes AnnotatedTitle 12A. Commercial Code
12A Okl.St.Ann. § 1-9-803
§ 1-9-803. Security interest perfected before effective date
SECURITY INTEREST PERFECTED BEFORE EFFECTIVE DATE
(a) A security interest that is a perfected security interest immediately before this act takes effect is a perfected security interest under Article 9 of the Uniform Commercial Code as amended by this act if, when this act takes effect on November 1, 2015, the applicable requirements for attachment and perfection under Article 9 of the Uniform Commercial Code as amended by this act are satisfied without further action.
(b) Except as otherwise provided in Section 21 of this act, if, immediately before this act takes effect, a security interest is a perfected security interest, but the applicable requirements for perfection under Article 9 of the Uniform Commercial Code as amended by this act are not satisfied when this act takes effect on November 1, 2015, the security interest remains perfected thereafter only if the applicable requirements for perfection under Article 9 of the Uniform Commercial Code as amended by this act are satisfied within one (1) year after this act takes effect.
Credits
Laws 2015, c. 374, § 19, eff. Nov. 1, 2015.
12A Okl. St. Ann. § 1-9-803, OK ST T. 12A § 1-9-803
Current with emergency effective legislation through Chapter 125 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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