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2012 Florida Statutes

Title XXXIX COMMERCIAL RELATIONS
Chapter 678 UNIFORM COMMERCIAL CODE: INVESTMENT SECURITIES Entire Chapter
SECTION 1171
Application of ch. 98-11.
F.S. 678.1171
678.1171 Application of ch. 98-11.—
(1) This act does not affect an action or proceeding commenced before this act takes effect.
(2) If a security interest in a security is perfected at the date this act takes effect, and the action by which the security interest was perfected would suffice to perfect a security interest under this act, no further action is required to continue perfection. If a security interest in a security is perfected at the date this act takes effect but the action by which the security interest was perfected would not suffice to perfect a security interest under this act, the security interest remains perfected for a period of 4 months after the effective date and continues perfected thereafter if appropriate action to perfect under this act is taken within that period. If a security interest is perfected at the date this act takes effect and the security interest can be perfected by filing under this act, a financing statement signed by the secured party instead of the debtor may be filed within that period to continue perfection or thereafter to perfect.
History.—s. 24, ch. 98-11.