New Mexico Statutes 55-12A-303. Security interest unperfected before January 1, 2024. (Effective January 1, 2024.)
Current as of: 2023 | Check for updates
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A security interest that is enforceable immediately before January 1, 2024 but is unperfected at that time:
(1) remains an enforceable security interest until the adjustment date;
(2) remains enforceable thereafter if the security interest becomes enforceable pursuant to Section 55-9-203 N.M. Stat. Ann., as amended by this 2023 act, on January 1, 2024 or before the adjustment date; and
(3) becomes perfected:
(A) without further action on January 1, 2024 if the requirements for perfection pursuant to this 2023 act are satisfied before or at that time; or
(B) when the requirements for perfection are satisfied if the requirements are satisfied after that time.