Section 28:9-303 - When security interest is perfected; continuity of perfection

When security interest is perfected; continuity of perfection

(1) A security interest is perfected when it has attached and when all of the applicable steps required for perfection have been taken. Such steps are specified in sections 28:9-115, 28:9-302, 28:9-304, 28:9-305 and 28:9-306. If such steps are taken before the security interest attaches, it is perfected at the time when it attaches.

(2) If a security interest is originally perfected in any way permitted under this article and is subsequently perfected in some other way under this article, without an intermediate period when it was unperfected, the security interest shall be deemed to be perfected continuously for the purposes of this article.

CREDIT(S)

(Dec. 30, 1963, 77 Stat. 755, Pub. L. 88-243, § 1; Apr. 9, 1997, D.C. Law 11-240, § 3(m), 44 DCR 1087.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications
1981 Ed., § 28:9-303.
1973 Ed., § 28:9-303.
Legislative History of Laws
For legislative history of D.C. Law 11-240, see Historical and Statutory Notes following § 28:9-301.
For Law 13-201, see notes following § 28:9-101.

Current through September 13, 2012