A security interest that is an unperfected security interest immediately before July 1, 2013 becomes a perfected security interest:

(1) Without further action, on July 1, 2013 if the applicable requirements for perfection under chapter-57A-9 as amended by SL 2012, ch 238 are satisfied before or at that time; or

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(2) When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.

Source: SL 2012, ch 238, § 9-804, eff. July 1, 2013.