Sec. 0.2. A transaction validly entered into after July 1, 1964, and before January 1, 1986, which:
(1) was subject to this article, as effective on December 31, 1985; and
(2) would be subject to P.L.93-1985 if it had been entered into after December 31, 1985;
and the rights, duties, and interests flowing from such a transaction remain valid after December 31, 1985, and may be terminated, completed, consummated, or enforced as required or permitted by P.L.93-1985. Security interests arising out of such a transaction that are perfected as of January 1, 1986, shall remain perfected until they lapse as provided by sections 0.4 and 0.5 of this chapter and may be continued as permitted by P.L.93-1985 except as stated in section 0.3 of this chapter.
As added by P.L.220-2011, SEC.412.
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