Saving clause

4-8-603. Saving clause. (a) This article does not affect an action or proceeding commenced before this article takes effect. (b) If a security interest in a security is perfected at the date this article takes effect, and the action by which the security interest was perfected would suffice to perfect a security interest under this article, no further action is required to continue perfection. If a security interest in a security is perfected at the date this article takes effect but the action by which the security interest was perfected would not suffice to perfect a security interest under this article, the security interest remains perfected for a period of four months after the effective date and continues perfected thereafter if appropriate action to perfect under this article is taken within that period. If a security interest is perfected at the date this article takes effect and the security interest can be perfected by filing under this article, 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. Source: L. 96: Entire article R&RE, p. 233, � 2, effective July 1. ARTICLE 9 Secured Transactions Editor's note: (1) The numbering and sequencing of C.R.S. subsections do not necessarily correspond with the numbering and sequencing of subsections in the uniform act. (2) This article was numbered as article 9 of chapter 155, C.R.S. 1963. The provisions of this article were repealed and reenacted in 2001, resulting in the addition, relocation, and elimination of sections as well as subject matter. For amendments to this article prior to 2001, consult the Colorado statutory research explanatory note and the table itemizing the replacement volumes and supplements to the original volume of C.R.S. 1973 beginning on page vii in the front of this volume. Former C.R.S. section numbers are shown in editor's notes following those sections that were relocated. For a detailed comparison of this article, see the comparative tables located in the back of the index. Law reviews: For article, Lien and Security Interest Provision of AAPL Model Operating Agreement, see 13 Colo. Law. 1216 (1984); for a discussion of a Tenth Circuit decision dealing with secured transactions, see 66 Den. U. L. Rev. 795 (1989); for article, Mastering The Maze of Secured Transactions - Part 1, see 21 Colo. Law. 2329 (1992); for article, Remastering the Maze: Revisions to UCC Article 9 Filing Provisions, see 25 Colo. Law. 3 (June 1996); for article, Introducing Revised Article 9 of the Uniform Commercial Code, see 30 Colo. Law. 9 (Sept. 2001); for article, Perfecting Security Interests in Intellectual Property, see 32 Colo. Law. 85 (April 2003). PART 1 GENERAL PROVISIONS