A security interest that is an unperfected security interest immediately before Laws 2011, chapter 31, takes effect becomes a perfected security interest:
(1) without further action, when Laws 2011, chapter 31, takes effect if the applicable requirements for perfection under article 9 as amended by Laws 2011, chapter 31, are satisfied before or at that time; or
(2) when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.
NOTE: This section, as added by Laws 2011, chapter 31, article 1, section 19, is effective July 1, 2013. Laws 2011, chapter 31, article 1, section 16.
Official Publication of the State of Minnesota
Revisor of Statutes