Alabama § 7-12A-302 - Security Interest Perfected Before July 1, 2024.
Full text of Alabama Code of Alabama § 7-12A-302 — Security Interest Perfected Before July 1, 2024., with citation guidance and answers to common questions.
§ 7-12A-302. Security Interest Perfected Before July 1, 2024.
(a) Continuing perfection: perfection requirements satisfied. A security interest that is enforceable and perfected immediately before July 1, 2024, is a perfected security interest under Act 2023-492 if, on July 1, 2024, the requirements for enforceability and perfection under Act 2023-492 are satisfied without further action.
(b) Continuing perfection: enforceability or perfection requirements not satisfied. If a security interest is enforceable and perfected immediately before July 1, 2024, but the requirements for enforceability or perfection under Act 2023-492 are not satisfied on July 1, 2024, 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 July 1, 2024, or the adjustment date;
(2) remains enforceable thereafter only if the security interest satisfies the requirements for enforceability under Section 7-9A-203, as amended by Act 2023-492, before the adjustment date; and
(3) remains perfected thereafter only if the requirements for perfection under Act 2023-492 are satisfied before the time specified in paragraph (1).
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 7-12A-302
What does Code of Alabama § 7-12A-302 cover?
Section 7-12A-302 ("Security Interest Perfected Before July 1, 2024.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 7-12A-302?
A common citation format is "Code of Alabama § 7-12A-302" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 7-12A-302 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.