Statutes > New Mexico Statutes > Chapter 55 - Uniform Commercial Code. > Article 12 - Effective Date and Transition Provisions, 55-12-101 through 55-12-111. > Section 55-12-104 - Transition provision on change of requirement of filing.

Section 55-12-104 - Transition provision on change of requirement of filing.

55-12-104. Transition provision on change of requirement of filing.

A security interest for the perfection of which filing or the taking of possession was required under the old U.C.C. and which attached prior to the effective date of the new U.C.C. but was not perfected shall be deemed perfected on the effective date of the new U.C.C. if the new U.C.C. permits perfection without filing or authorizes filing in the office or offices where a prior ineffective filing was made.