Public-domain · open source
OpenJurist

Haw. Rev. Stat. § 490:13-303

Security interest unperfected before the effective date

Known as the Uniform Commercial Code

The act spans §§ 490–490 (641 sections).

L 2023, c 132, pt of §1

A security interest that is enforceable immediately before the effective date of this article but is unperfected at that time shall:

(1) Remain an enforceable security interest until the adjustment date;

(2) Remain enforceable thereafter if the security interest becomes enforceable under section 490:9-203, as amended by Act 132, Session Laws of Hawaii 2023, on the effective date of this article or before the adjustment date; and

(3) Become perfected:

(A) Without further action, on the effective date of this article if the requirements for perfection under this article 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: Hawaii State Legislature. Reproduced from public-domain Hawaii statutes; confirm against the official source for the current text. Not legal advice.