12A-302.

Security interest perfected before July 19, 2024.

(a) A security interest that is enforceable and perfected immediately before July 19, 2024, is a perfected security interest under Laws 2024, LB94, if, on July 19, 2024, the requirements for enforceability and perfection under Laws 2024, LB94, are satisfied without further action.

(b) If a security interest is enforceable and perfected immediately before July 19, 2024, but the requirements for enforceability or perfection under Laws 2024, LB94, are not satisfied on July 19, 2024, the security interest:

(1) is a perfected security interest until the earlier of the time perfection would have ceased under the law in effect immediately before July 19, 2024, or the adjustment date;

(2) remains enforceable thereafter only if the security interest satisfies the requirements for enforceability under section 9-203, as amended by Laws 2024, LB94, before the adjustment date; and

(3) remains perfected thereafter only if the requirements for perfection under Laws 2024, LB94, are satisfied before the time specified in subdivision (1).