§ 9707

357 words·~2 min read·/ca/commercial-code/9707

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)In this section, “pre-effective-date financing statement” means a financing statement filed before the date that this section becomes operative.

(b)After the date this section becomes operative, 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 Chapter 3 (commencing with Section 9301). 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 by subdivision (d), 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 the date this section becomes operative only if any of the following occur:

(1)The pre-effective-date financing statement and an amendment are filed in the office specified in Section 9501.

(2)An amendment is filed in the office specified in Section 9501 concurrently with, or after the filing in that office of, an initial financing statement that satisfies subdivision

(c)of Section 9706.

(3)An initial financing statement that provides the information as amended and satisfies subdivision

(c)of Section 9706 is filed in the office specified in Section 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 subdivisions

(d)and

(f)of Section 9705 or Section 9706.

(e)Whether or not the law of this state governs the perfection of a security interest, the effectiveness of a pre-effective-date financing statement filed in this state may be terminated after the date that this section becomes operative by filing a termination statement in the office in which the pre-effective-date financing statement is filed, unless an initial filing statement that satisfies subdivision

(c)of Section 9706 has been filed in the office specified by the law of the jurisdiction governing perfection as provided in Chapter 3 (commencing with Section 9301) as the office in which to file a financing statement.