South Carolina § 36-9-706 When initial financing statement suffices to continue effectiveness of financing statement.

South Carolina Statutes

§ 36-9-706 — When initial financing statement suffices to continue effectiveness of financing statement.

South Carolina § 36-9-706

Title 36COMMERCIAL CODE

Ch. 9COMMERCIAL CODE—SECURED TRANSACTIONS

This text of South Carolina § 36-9-706 (When initial financing statement suffices to continue effectiveness of financing statement.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 36-9-706 (2026).

Text

(a)The filing of an initial financing statement in the office specified in Section 36-9-501 continues the effectiveness of a financing statement filed before this act takes effect if:

(1)the filing of an initial financing statement in that office would be effective to perfect a security interest under this act;

(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:

(1)if the initial financing statement is filed before this act takes effect, for the period provided in former Section 36-9-403 with respect to a financi

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(a) The filing of an initial financing statement in the office specified in Section 36-9-501 continues the effectiveness of a financing statement filed before this act takes effect if: (1) the filing of an initial financing statement in that office would be effective to perfect a security interest under this act; (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: (1) if the initial financing statement is filed before this act takes effect, for the period provided in former Section 36-9-403 with respect to a financing statement; and (2) if the initial financing statement is filed after this act takes effect, for the period provided in Section 36-9-515 with respect to an initial financing statement. (c) To be effective for purposes of subsection (a), an initial financing statement must: (1) satisfy the requirements of Part 5 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.