(1) This Act shall become effective at 12:01 A.M. on July 1, 1978.

(2) As used in this article:

(a) "Old Article 9 of this title" means Code Sections 11-1-105, 11-1-201(9), 11-1-201(37), 11-2-107, 11-5-116, and Article 9 of this title, as they are in effect on June 30, 1978, immediately prior to the effective date of this Act.

(b) "Revised Article 9 of this title" means Code Sections 11-1-105, 11-1-201(9), 11-1-201(37), 11-1-209, 11-2-107, 11-5-116, and Article 9 of this title as said provisions are enacted pursuant to this Act.