Effective: July 1, 2001 Latest Legislation: Senate Bill 74 - 124th General Assembly A security interest that is enforceable immediately before July 1, 2001, but that would be subordinate to the rights of a person that becomes a lien creditor at that time: (A) Remains an enforceable security interest until July 1, 2002; (B) Remains enforceable after July 1, 2002, if the security interest becomes enforceable under section 1309.203 of the Revised Code on July 1, 2001, or by July 1, 2002; and (C) Becomes perfected: (1) Without further action on July 1, 2001, if the applicable requirements for perfection under this chapter are satisfied before or on that date; or (2) When the applicable requirements for perfection are satisfied if the requirements are satisfied after July 1, 2001.
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