Section 9.704 - Security Interest Unperfected Before Effective Date A security interest that is enforceable immediately before the revision takes effect but that would be subordinate to the rights of a person that becomes a lien creditor at that time:
(1) remains an enforceable security interest until July 1, 2002;(2) remains enforceable after June 30, 2002, if the security interest becomes enforceable under Section 9.203, as revised, before July 1, 2002; and(3) becomes perfected: (A) without further action, when the revision takes effect, if the applicable requirements for perfection under this chapter, as revised, are satisfied before or at that time; or(B) when the applicable requirements for perfection are satisfied if the requirements are satisfied after the revision takes effect.Tex. Bus. and Comm. Code § 9.704
Reenacted from Acts 1999, 76th Leg., ch. 414, Sec. 3.04 and amended by Acts 2001, 77th Leg., ch. 705, Sec. 23, eff. 6/13/2001.