Conn. Gen. Stat. § 15-227

Savings clause.

Last amended: 2014Year: 2026Length: 166 wordsSubsections: 4Official source
(b) Sections 15-201 to 15-232 , inclusive, do not affect an action or proceeding commenced before January 1, 2016. (c) Except as otherwise provided in subsection (d) of this section, a security interest that is enforceable immediately before January 1, 2016, and would have priority over the rights of a person that becomes a lien creditor at that time is a perfected security interest under sections 15-201 to 15-232 , inclusive. (d) A security interest in a vessel for which a certificate of title is required under sections 15-201 to 15-232 , inclusive, that is perfected immediately before January 1, 2016, remains perfected until the earlier of: (1) The time perfection would have ceased under the law under which the security interest was perfected; or (2) January 1, 2019. (e) Sections 15-201 to 15-232 , inclusive, shall not affect the priority of a security interest in a vessel if immediately before January 1, 2016, the security interest is enforceable and perfected, and that priority is established.
Conn. Gen. Stat. § 15-227: Savings clause. | Justis AI