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2013 Florida Statutes

SECTION 704
Security interest unperfected before effective date.
F.S. 679.704
679.704 Security interest unperfected before effective date.A security interest that is enforceable immediately before this act takes effect but that would be subordinate to the rights of a person who becomes a lien creditor at that time:
(1) Remains an enforceable security interest for 1 year after this act takes effect;
(2) Remains enforceable thereafter if the security interest becomes enforceable under former s. 679.203 when this act takes effect or within 1 year thereafter; and
(3) Becomes perfected:
(a) Without further action when this act takes effect if the applicable requirements for perfection under this act are satisfied before or at that time; or
(b) When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.
History.s. 8, ch. 2001-198; s. 102, ch. 2003-1.