30-12A-204. Savings clause. (1) Except as provided in 30-12A-204 through 30-12A-209, Title 30, chapter 9A, as amended by Chapter 200, Laws of 2025, and Title 30, chapter 12A, part 1, apply to a transaction, lien, or other interest in property, even if the transaction, lien, or interest was entered into, created, or acquired before October 1, 2025.

(2) Except as provided in subsection (3) and 30-12A-205 through 30-12A-209:

(a) a transaction, lien, or interest in property that was validly entered into, created, or transferred before October 1, 2025, and was not governed by the Uniform Commercial Code, but would be subject to Title 30, chapter 9A, as amended by Chapter 200, Laws of 2025, or Title 30, chapter 12A, part 1, if it had been entered into, created, or transferred on or after October 1, 2025, including the rights, duties, and interests flowing from the transaction, lien, or interest, remains valid on and after October 1, 2025; and

(b) the transaction, lien, or interest may be terminated, completed, consummated, and enforced as required or permitted by Chapter 200, Laws of 2025, or by the law that would apply if Chapter 200, Laws of 2025, had not taken effect.

(3) Chapter 200, Laws of 2025, does not affect an action, case, or proceeding commenced before October 1, 2025.