§ 62A.8-601. Savings clause
(1) Chapter 48, Laws of 1995 does not affect an action or proceeding commenced before April 17, 1995.
(2) If a security interest in a security is perfected by April 17, 1995, and the action by which the security interest was perfected would suffice to perfect a security interest under chapter 48, Laws of 1995, no further action is required to continue perfection. If a security interest in a security is perfected by April 17, 1995, but the action by which the security interest was perfected would not suffice to perfect a security interest under chapter 48, Laws of 1995, the security interest remains perfected through December 31, 1995, and continues perfected thereafter if appropriate action to perfect under chapter 48, Laws of 1995 is taken by that date. If a security interest is perfected by April 17, 1995, and the security interest can be perfected by filing under chapter 48, Laws of 1995, a financing statement signed by the secured party instead of the debtor may be filed within that period to continue perfection or thereafter to perfect.
[1995 c 48 § 53.]
Notes:
Effective date -- 1995 c 48: See RCW 62A.11-113.
Sections: Previous 62A.8-405 62A.8-406 62A.8-407 62A.8-501 62A.8-502 62A.8-503 62A.8-504 62A.8-505 62A.8-506 62A.8-507 62A.8-508 62A.8-509 62A.8-510 62A.8-511 62A.8-601
Last modified: April 7, 2009