§ 28:12–204. Security interest unperfected before April 20, 2024.

A security interest that is enforceable immediately before April 20, 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 § 28:9-203, as amended by the 2024 Act, on April 20, 2024 or before the adjustment date; and

(3) Becomes perfected:

(A) Without further action, on April 20, 2024 if the requirements for perfection under the 2024 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.