Effect of effective date of act.
13 Pa.C.S. § 14
in effect(a) Existing actions or proceedings.--This act does not affect an action or proceeding commenced before this act takes effect.
(b) Perfection of security interest.--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 four months after the effective date of this act 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.
(c) Applicability to qualified financial contracts.--The addition of 13 Pa.C.S. §§ 1206(c) and 2201(d) and the last sentence of 13 Pa.C.S. § 1206(b) shall apply to qualified
financial contracts entered into before, on or after the effective date of this act, and to written contracts described in §§ 1206(c)(2)(ii) and 2201(d)(2) entered into before, on or after the effective date of this act. 2001, JUNE 8, P.L.123, NO.18 § 1. Short title. This amendatory act shall be known and may be cited as the Uniform Commercial Code Modernization Act of 2001. Explanatory Note. Act 18 amended sections 1105, 1201, 1206, 2103, 2104, 2210, 2326, 2502, 2512, 2716, 2A103, 2A303, 2A307, 2A309, 3103, 4105, 4210, 4A103 and 4A105, repealed and added Division 5, amended sections 7503, 8102, 8103, 8106, 8110, 8301, 8302 and 8510 and repealed and added Division 9 of Title 13.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM&ttl=13Fetched: 10/16/2026