Current through the 2024 legislative session
Section 34.1-9-707 - Amendment of preeffective date financing statement(a) In this section, "pre-effective-date financing statement" means a financing statement filed before this act takes effect.(b) After this act takes effect, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information provided in, a preeffective date financing statement only in accordance with the law of the jurisdiction governing perfection as provided in part 3. However, the effectiveness of a preeffective date financing statement also may be terminated in accordance with the law of the jurisdiction in which the financing statement is filed.(c) Except as otherwise provided in subsection (d) of this section, if the law of this state governs perfection of a security interest, the information in a preeffective date financing statement may be amended after this act takes effect only if: (i) The preeffective date financing statement and an amendment are filed in the office specified in section 34.1-9-501;(ii) An amendment is filed in the office specified in section 34.1-9-501 concurrently with, or after the filing in that office of, an initial financing statement that satisfies section 34.1-9-706(c); or(iii) An initial financing statement that provides the information as amended and satisfies section 34.1-9-706(c) is filed in the office specified in section 23.1-9-501.(d) If the law of this state governs perfection of a security interest, the effectiveness of a preeffective date financing statement may be continued only under section 34.1-9-705(d) and (f) or 34.1-9-706.(e) Whether or not the law of this state governs perfection of a security interest, the effectiveness of a preeffective date financing statement filed in this state may be terminated after this act takes effect by filing a termination statement in the office in which the preeffective date financing statement is filed, unless an initial financing statement that satisfies section 34.1-9-706(c) has been filed in the office specified by the law of the jurisdiction governing perfection as provided in part 3 as the office in which to file a financing statement.