400.9-707. Amendment of pre-effective-date financing statement.
Amendment of pre-effective-date financing statement.
400.9-707. (a) In this section, "pre-effective-date financingstatement" means a financing statement filed before July 1, 2001.
(b) After July 1, 2001, a person may add or delete collateral coveredby, continue or terminate the effectiveness of, or otherwise amend theinformation provided in, a pre-effective-date financing statement only inaccordance with the law of the jurisdiction governing perfection as providedin Part 3. However, the effectiveness of a pre-effective-date financingstatement also may be terminated in accordance with the law of thejurisdiction in which the financing statement is filed.
(c) Except as otherwise provided in subsection (d) of this section, ifthe law of this state governs perfection of a security interest, theinformation in a pre-effective-date financing statement may be amended afterJuly 1, 2001, only if:
(1) The pre-effective-date financing statement and an amendment arefiled in the office specified in section 400.9-501;
(2) An amendment is filed in the office specified in section 400.9-501concurrently with, or after the filing in that office of, an initial financingstatement that satisfies section 400.9-706(c); or
(3) An initial financing statement that provides the information asamended and satisfies section 400.9-706(c) is filed in the office specified insection 400.9-501.
(d) If the law of this state governs perfection of a security interest,the effectiveness of a pre-effective-date financing statement may be continuedonly under section 400.9-705(d) and (f) or section 400.9-706.
(e) Whether or not the law of this state governs perfection of asecurity interest, the effectiveness of a pre-effective-date financingstatement filed in this state may be terminated after July 1, 2001, by filinga termination statement in the office in which the pre-effective-datefinancing statement is filed, unless an initial financing statement thatsatisfies section 400.9-706(c) has been filed in the office specified by thelaw of the jurisdiction governing perfection as provided in Part 3 as theoffice in which to file a financing statement.
(L. 2001 S.B. 288)Effective 7-01-01