Pennsylvania § 91134 - Effectiveness of actions taken before effective date.

§ 91134. Effectiveness of actions taken before effective date.

(a) Pre-effective-date action; attachment and perfection before adjustment date.--If action, other than the filing of a financing statement, is taken before the effective date of this section and the action would have resulted in perfection of the security interest had the security interest become enforceable before the effective date of this section, the action is effective to perfect a security interest that attaches under the act adding this chapter before the adjustment date. An attached security interest becomes unperfected on the adjustment date unless the security interest becomes a perfected security interest under the act adding this chapter before the adjustment date.

(b) Pre-effective-date filing.--The filing of a financing statement before the effective date of this section is effective to perfect a security interest on the effective date of this section to the extent the filing would satisfy the requirements for perfection under the act adding this chapter.

(c) Pre-effective-date enforceability action.--The taking of an action before the effective date of this section is sufficient for the enforceability of a security interest on the effective date of this section if the action would satisfy the requirements for enforceability under the act adding this chapter.

Cross References. Section 91134 is referred to in section 91131 of this title.