§ 4-9-707 — Amendment of pre-effective-date financing statement

Colorado § 4-9-707

• Jurisdiction: Colorado
• Title 04: Uniform
• Art.: Secured Transactions

Text

(a) As
used in this part 7, 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 part 3 of this article.
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 4-9-501;

(2) An amendment is filed in the office specified in section 4-9-501
concurrently with, or after the filing in that office of, an initial financing statement
that satisfies section 4-9-706 (c); or

(3) An initial financing statement that provides the information as amended
and satisfies section 4-9-706 (c) is filed in the office specified in section 4-9-501.

(d) If the law of this state governs perfection of a security interest, the
effectiveness of a pre-effective-date financing statement may be continued only
under section 4-9-705 (d) and (f) or 4-9-706.

(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 4-9-706 (c) has been filed in the office
specified by the law of the jurisdiction governing perfection as provided in part 3 of
this article as the office in which to file a financing statement.

Legislative History

Source: L. 2001: Entire article R&RE, p. 1426, � 1, effective July 1.