A perfected security interest in proceeds becomes unperfected on the 21st day after attachment unless which condition is satisfied?

A perfected security interest in proceeds becomes unperfected on the 21st day after attachment unless which condition is satisfied?

• A. Immediately upon disposition
• B. The proceeds are identifiable cash proceeds or the interest in proceeds is perfected within 20 days
• C. After one year
• D. The debtor files bankruptcy

Answer: (B)