California · Commercial Code

COM §9904: A security interest that is an unperfected security interest immediately before January 1, 2015, becomes a perfected security interest as follows: (a) Without further action, on January 1, 2015, if th

What this law says, in plain English

An unperfected security interest automatically becomes perfected on January 1, 2015, without requiring additional steps, under specified conditions.

Read the full statutory text

A security interest that is an unperfected security interest immediately before January 1, 2015, becomes a perfected security interest as follows: (a) Without further action, on January 1, 2015, if the applicable requirements for perfection under this division as amended by this act are satisfied before or at that time. (b) When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.

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