HRS §490:13-303
What happens to old security interests that were not perfected
This section explains what happens to a security interest that was already enforceable but not perfected when the new law took effect. It stays enforceable for a while, and can become perfected if the rules are met. It covers the transition from old to new rules.
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The statute, as written — Security interest unperfected before the effective date
A security interest that is enforceable immediately before the effective date of this article but is unperfected at that time shall: (1) Remain an enforceable security interest until the adjustment date; (2) Remain enforceable thereafter if the security interest becomes enforceable under section 490:9-203, as amended by Act 132, Session Laws of Hawaii 2023, on the effective date of this article or before the adjustment date; and (3) Become perfected: (A) Without further action, on the effective date of this article if the requirements for perfection under this article are satisfied before or at that time; or (B) When the requirements for perfection are satisfied if the requirements are satisfied after that time.
Sections this one refers to
§490:9-203 When a security interest becomes valid and attached
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