2023 Hawaii Revised Statutes
Title 27. Uniform Commercial Code
490. Uniform Commercial Code
490:13-304 Effectiveness of actions taken before the effective date.
§490:13-304 Effectiveness of actions taken before the effective date. (a) If action, other than the filing of a financing statement, is taken before the effective date of this article and the action would have resulted in perfection of the security interest had the security interest become enforceable before the effective date of this article, the action shall be effective to perfect a security interest that attaches under this article before the adjustment date. An attached security interest shall become unperfected on the adjustment date unless the security interest becomes a perfected security interest under this article before the adjustment date.
(b) The filing of a financing statement before the effective date of this article shall be effective to perfect a security interest on the effective date of this article to the extent that the filing would satisfy the requirements for perfection under this article.
(c) The taking of an action before the effective date of this article shall be sufficient for the enforceability of a security interest on the effective date of this article if the action would satisfy the requirements for enforceability under this article. [L 2023, c 132, pt of §1]
