New Zealand Legislation: Acts

15 Part 12 (Transitional provisions)

• Part 12—

  • provides for a 6-month transitional period during which time prior security interests (security interests that were in existence before the commencement of the Act) may be perfected:

  • contains provisions about the continuation, perfection, and priority, of prior security interests during that transitional period:

  • contains provisions about the priority of third party interests during the transitional period.