47-9707. Amendment of pre-effective-date
financing statement; definition
A. In this section, "pre-effective-date financing statement" means a financing
statement filed before July 1, 2001.
B. After July 1, 2001, a person may add or delete collateral covered by, continue
or terminate the effectiveness of, or otherwise amend the information provided in, a
pre-effective-date financing statement only in accordance with the law of the
jurisdiction governing perfection as provided in article 3 of this chapter. However, the
effectiveness of a pre-effective-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 pre-effective-date
financing statement may be amended after July 1, 2001 only if:
1. The pre-effective-date financing statement and an amendment are filed in the
office specified in section 47-9501;
2. An amendment is filed in the office specified in section 47-9501 concurrently
with, or after the filing in that office of, an initial financing statement that
satisfies section 47-9706, subsection C; or
3. An initial financing statement that provides the information as amended and
satisfies section 47-9706, subsection C and that is filed in the office specified in
section 47-9501.
D. If the law of this state governs perfection of a security interest, the
effectiveness of a pre-effective-date financing statement may be continued only under
section 47-9705, subsections D and F or section 47-9706.
E. Whether or not the law of this state governs perfection of a security interest,
the effectiveness of a pre-effective-date financing statement filed in this state may be
terminated after July 1, 2001 by filing a termination statement in the office in which
the pre-effective-date financing statement is filed, unless an initial financing
statement that satisfies section 47-9706, subsection C has been filed in the office
specified by the law of the jurisdiction governing perfection as provided in article 3 of
this chapter as the office in which to file a financing statement.
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