Sec. 45.29.806. When initial financing statement suffices to continue effectiveness of financing statement.

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(a)The filing of an initial financing statement in the office specified in AS 45.29.501 continues the effectiveness of a financing statement filed before July 1, 2013, if

(1)the filing of an initial financing statement in that office would be effective to perfect a security interest under AS 45.29.101 — 45.29.709, as those sections read on July 1, 2013;

(2)the financing statement filed before July 1, 2013, was filed in an office in another state; and

(3)the initial financing statement satisfies

(c)of this section.

(b)The filing of an initial financing statement under

(a)of this section continues the effectiveness of the financing statement filed before July 1, 2013,

(1)if the initial financing statement is filed before July 1, 2013, for the period provided in AS 45.29.515 , as that section existed before July 1, 2013, with respect to an initial financing statement; and

(2)if the initial financing statement is filed on or after July 1, 2013, for the period provided in AS 45.29.515 , as that section existed before July 1, 2013, with respect to an initial financing statement.

(c)To be effective for purposes of

(a)of this section, an initial financing statement must

(1)satisfy the requirements of AS 45.29.503 (a), (b), and

(f)— (h), 45.29.507(c), 45.29.515(f), 45.29.516(b), and 45.29.518, as those provisions read on July 1, 2013, for an initial financing statement;

(2)identify the financing statement filed before July 1, 2013, by indicating the office in which the financing statement was filed and providing the dates of filing and file numbers, if any, of the financing statement and of the most recent continuation statement filed with respect to the financing statement; and

(3)indicate that the financing statement filed before July 1, 2013, remains effective.