Ask Reggi Your Question Now
Reggi is the free generative AI assistance for regulatory compliance
Can you summarize MNST 336.9-804?
UNIFORM COMMERCIAL CODE > SECURITY INTEREST UNPERFECTED BEFORE EFFECTIVE DATE.
Short Summary
A security interest that is an unperfected security interest immediately before Laws 2011, chapter 31, takes effect becomes a perfected security interest: (1) without further action, when Laws 2011, chapter 31, takes effect if the applicable requirements for perfection under article 9 as amended by Laws 2011, chapter 31, 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. History: 2011 c 31 art 1 s 16,19
Jurisdiction
Minnesota