(a)The filing
of a financing statement before July 1, 2013, is effective to perfect a security
interest to the extent the filing would satisfy the applicable requirements for
perfection under this article, as amended by House Bill 12-1262, enacted in 2012.
(b)House Bill 12-1262, enacted in 2012, does not render seriously misleading
or otherwise ineffective an effective financing statement that, before July 1, 2013,
was filed and satisfied the applicable requirements for perfection under the law of
the jurisdiction governing perfection as provided in this article as it existed before
July 1, 2013. However, except as otherwise provided in subsections (c) and (d) of this
section and section 4-9-806, the financing statement ceases to be effective:
(1)If the financing statement was
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(a) The filing
of a financing statement before July 1, 2013, is effective to perfect a security
interest to the extent the filing would satisfy the applicable requirements for
perfection under this article, as amended by House Bill 12-1262, enacted in 2012.
(b) House Bill 12-1262, enacted in 2012, does not render seriously misleading
or otherwise ineffective an effective financing statement that, before July 1, 2013,
was filed and satisfied the applicable requirements for perfection under the law of
the jurisdiction governing perfection as provided in this article as it existed before
July 1, 2013. However, except as otherwise provided in subsections (c) and (d) of this
section and section 4-9-806, the financing statement ceases to be effective:
(1) If the financing statement was filed in this state, at the time the financing
statement would have ceased to be effective had House Bill 12-1262, enacted in
2012, not taken effect; or
(2) If the financing statement was filed in another jurisdiction, at the earlier
of:
(A) The time the financing statement would have ceased to be effective
under the law of that jurisdiction; or
(B) June 30, 2018.
(c) The timely filing of a continuation statement on or after July 1, 2013, in
accordance with the law of the jurisdiction governing perfection as provided in this
article, as amended by House Bill 12-1262, enacted in 2012, continues the
effectiveness of a financing statement filed in the same office in that jurisdiction
before July 1, 2013, for the period provided by the law of that jurisdiction, but only to
the extent the financing statement, including any amendment filed before or, if
permitted by the rules of the filing office, as part of, the continuation statement,
satisfies the requirements of part 5 of this article, as amended by House Bill 12-1262, enacted in 2012, for an initial financing statement. Except as provided in the
preceding sentence, the filing of a continuation statement on or after July 1, 2013,
does not continue the effectiveness of a financing statement filed before July 1,
2013.
(d) Subparagraph (B) of paragraph (2) of subsection (b) of this section
applies to a financing statement that, before July 1, 2013, is filed against a
transmitting utility and satisfies the applicable requirements for perfection under
the law of the jurisdiction governing perfection as provided in this article as it
existed before July 1, 2013, only to the extent that this article, as amended by House
Bill 12-1262, enacted in 2012, provides that the law of a jurisdiction other than the
jurisdiction in which the financing statement is filed governs perfection of a
security interest in collateral covered by the financing statement.
(e) A financing statement that includes both a financing statement filed
before July 1, 2013, and a continuation statement filed on or after July 1, 2013, is
effective only to the extent that, after giving effect to any amendment filed before
or, if permitted by the rules of the filing office, as part of, the continuation
statement, the financing statement satisfies the requirements of part 5 of this
article, as amended by House Bill 12-1262, enacted in 2012, for an initial financing
statement. A financing statement filed before July 1, 2013, that indicates that the
debtor is a decedent's estate indicates that the collateral is being administered by
a personal representative within the meaning of section 4-9-503 (a)(2), as amended
by House Bill 12-1262, enacted in 2012. A financing statement filed before July 1,
2013, that indicates that the debtor is a trust or is a trustee acting with respect to
property held in trust indicates that the collateral is held in a trust within the
meaning of section 4-9-503 (a)(3), as amended by House Bill 12-1262, enacted in
2012.