N.Y. Uniform Commercial Code Law Section 12-A-302
Security Interest Perfected Before Effective Date

* Section 12-A-302. Security Interest Perfected Before Effective Date.

(a)

Continuing perfection: perfection requirements satisfied. A security interest that is enforceable and perfected immediately before the effective date of the UCC Revision Act is a perfected security interest under the revised UCC if, on the effective date of the UCC Revision Act, the requirements for enforceability and perfection under the revised UCC are satisfied without further action.

(b)

Continuing perfection: enforceability or perfection requirements not satisfied. If a security interest is enforceable and perfected immediately before the effective date of the UCC Revision Act, but the requirements for enforceability or perfection under the revised UCC are not satisfied on the effective date of the UCC Revision Act, the security interest:

(1)

is a perfected security interest until the earlier of the time perfection would have ceased under the law in effect immediately before the effective date of the UCC Revision Act or the adjustment date;

(2)

remains enforceable thereafter only if the security interest satisfies the requirements for enforceability under Section 9--203, as amended by the UCC Revision Act; and

(3)

remains perfected thereafter only if the requirements for perfection under the revised UCC are satisfied before the time specified in paragraph (1). * NB Effective June 3, 2026

Source: Section 12-A-302 — Security Interest Perfected Before Effective Date, https://www.­nysenate.­gov/legislation/laws/UCC/12-A-302 (updated Dec. 12, 2025; accessed Dec. 13, 2025).

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Verified:
Dec. 13, 2025

Last modified:
Dec. 12, 2025

§ 12-A-302. Sec. Interest Perfected Before Effective Date's source at nysenate​.gov

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