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Del. Code tit. 6, § A-303

Security interest unperfected before effective date

84 Del

A security interest that is enforceable immediately before August 18, 2023, 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 Section 9-203, as amended by the amending Act, on August 18, 2023, or before the adjustment date; and

(3) becomes perfected:

(A) without further action, on August 18, 2023, if the requirements for perfection under the amending Act are satisfied before or at that time; or

(B) when the requirements for perfection are satisfied if the requirements are satisfied after that time.

Official source: Delaware Code Online. Reproduced from public-domain Delaware statutes; confirm against the official source for the current text. Not legal advice.