400.11-103. General rule, transactions before and after code changes. - Missouri Statutes

General rule, transactions before and after code changes.

400.11-103. Transactions validly entered into after July1, 1965, and before January 1, 1989, and which were subject tothe provisions of chapter 400, as it reads prior to January 1,1989, and which would be subject to this section if they hadbeen entered into after January 1, 1989, and the rights, dutiesand interests flowing from such transactions remain valid afterthe latter date and may be terminated, completed, consummatedor enforced as required or permitted by chapter 400, as itreads after January 1, 1989. Security interests arising out ofsuch transactions which are perfected on January 1, 1989, shallremain perfected until they lapse as provided in chapter 400,as it reads after January 1, 1989, and may be continued aspermitted by chapter 400, as it reads after January 1, 1989,except as stated in section 400.11-105.

(L. 1988 S.B. 583 § 400.11-102)

Effective 1-1-89