Indiana § 26-1-9.1-706 Filing of initial financing statement; effectiveness of financing
statement

Indiana Statutes

§ 26-1-9.1-706 — Filing of initial financing statement; effectiveness of financing statement

Indiana § 26-1-9.1-706

Title 26COMMERCIAL LAW

Art. 1UNIFORM COMMERCIAL CODE

Ch. 9.1Secured Transactions

This text of Indiana § 26-1-9.1-706 (Filing of initial financing statement; effectiveness of financing statement) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 26-1-9.1-706 (2026).

Text

(a)The filing of an initial financing statement in the office specified in IC 26-1-9.1-501 continues the effectiveness of a financing statement filed before IC 26-1-9.1 takes effect if:

(1)the filing of an initial financing statement in that office would be effective to perfect a security interest under IC 26-1-9.1;

(2)the pre-effective-date financing statement was filed in an office in another state or another office in this state; and

(3)the initial financing statement satisfies subsection (c).

(b)The filing of an initial financing statement under subsection (a) continues the effectiveness of the pre-effective date financing statement if the initial financing statement is filed:

(1)before IC 26-1-9.1 takes effect, for the period provided in IC 26-1-9-403 (before its repeal) for a f

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(a) The filing of an initial financing
statement in the office specified in IC 26-1-9.1-501 continues the
effectiveness of a financing statement filed before IC 26-1-9.1 takes
effect if:
(1) the filing of an initial financing statement in that office would
be effective to perfect a security interest under IC 26-1-9.1;
(2) the pre-effective-date financing statement was filed in an
office in another state or another office in this state; and
(3) the initial financing statement satisfies subsection (c).
(b) The filing of an initial financing statement under subsection (a)
continues the effectiveness of the pre-effective date financing statement
if the initial financing statement is filed:
(1) before IC 26-1-9.1 takes effect, for the period provided in IC 26-1-9-403 (before its repeal) for a financing statement; and
(2) after IC 26-1-9.1 takes effect, for the period provided in IC 26-1-9.1-515 for an initial financing statement.
(c) To be effective for purposes of subsection (a), an initial
financing statement must:
(1) satisfy the requirements of IC 26-1-9.1-501 through IC 26-1-9.1-526 for an initial financing statement;
(2) identify the pre-effective-date financing statement 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 pre-effective-date financing statement
remains effective.