Indiana § 26-1-9.1-707 Pre-effective-date financing statement

Indiana Statutes

§ 26-1-9.1-707 — Pre-effective-date financing statement

Indiana § 26-1-9.1-707

Title 26COMMERCIAL LAW

Art. 1UNIFORM COMMERCIAL CODE

Ch. 9.1Secured Transactions

This text of Indiana § 26-1-9.1-707 (Pre-effective-date 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 § 26-1-9.1-707 (2026).

Text

(a)In this section, "pre-effective-date financing statement" means a financing statement filed before IC 26-1-9.1 takes effect.

(b)After IC 26-1-9.1 takes effect, 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 under IC 26-1-9.1-301 through IC 26-1-9.1-342. 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), if Indiana law governs perfection of a security interest, the information in a pre-

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(a) In this section, "pre-effective-date
financing statement" means a financing statement filed before IC 26-1-9.1 takes effect.
(b) After IC 26-1-9.1 takes effect, 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 under IC 26-1-9.1-301 through IC 26-1-9.1-342. 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), if Indiana law
governs perfection of a security interest, the information in a
pre-effective-date financing statement may be amended after IC 26-1-9.1 takes effect only if:
(1) the pre-effective date financing statement and an amendment
are filed in the office specified in IC 26-1-9.1-501;
(2) an amendment is filed in the office specified in IC 26-1-9.1-501 concurrently with, or after the filing in that office of,
an initial financing statement that satisfies IC 26-1-9.1-706(c); or
(3) an initial financing statement that provides the information as
amended and satisfies IC 26-1-9.1-706(c) is filed in the office
specified in IC 26-1-9.1-501.
(d) If Indiana law governs the perfection of a security interest, the
effectiveness of a pre-effective-date financing statement may be
continued only under IC 26-1-9.1-705(d) and IC 26-1-9.1-705(f) or IC 26-1-9.1-706.
(e) Whether or not Indiana law governs perfection of a security
interest, the effectiveness of a pre-effective-date financing statement
filed in Indiana may be terminated after IC 26-1-9.1 takes effect 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 IC 26-1-9.1-706(c) has been filed in
the office specified by the law of the jurisdiction governing perfection
in IC 26-1-9.1-301 through IC 26-1-9.1-342 as the office in which to
file a financing statement.