interest unperfected before effective date

A security interest that is an unperfected security interest immediately before this act takes effect becomes a perfected security interest: (1) Without further action, when this act takes effect if the applicable requirements for perfection under this chapter as amended by this act are satisfied before or at that time; or (2) When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time. Acts 2012, ch. 708, § 20. A security interest that is an unperfected security interest immediately before this act takes effect becomes a perfected security interest: (1) Without further action, when this act takes effect if the applicable requirements for perfection under this chapter as amended by this act are satisfied before or at that time; or (2) When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time. Acts 2012, ch. 708, § 20.