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December 31, 2024 Clouds | 44°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title XV REGULATION OF TRADE
  4. Chapter 106 UNIFORM COMMERCIAL CODE
  5. Article 9 SECURED TRANSACTIONS
  6. Section 9-807 Amendment Of Pre–Effective Date Financing Statement

Section 9-807

Section 9-807: Amendment Of Pre–Effective Date Financing Statement

Section 9–807. (a) ''Pre-effective-date financing statement''. In this section, ''pre-effective-date financing statement'' means a financing statement filed before the effective date of the amendatory act.

(b) Applicable law. After the effective date of the amendatory act, 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 this Article as amended by the amendatory act. However, the effectiveness of a pre-effective-date financing statement may also be terminated in accordance with the law of the jurisdiction in which the financing statement is filed.

(c) Method of amending: general rule. Except as otherwise provided in subsection (d), if the law of the commonwealth governs perfection of a security interest, the information in a pre-effective-date financing statement may be amended after the effective date of the amendatory act only if:

(1) the pre-effective-date financing statement and an amendment are filed in the office specified in section 9–501;

(2) an amendment is filed in the office specified in section 9–501 concurrently with, or after the filing in that office of, an initial financing statement that satisfies section 9–806(c); or

(3) an initial financing statement that provides the information as amended and satisfies section 9–806(c) is filed in the office specified in section 9–501.

(d) Method of amending: continuation. If the law of the commonwealth governs perfection of a security interest, the effectiveness of a pre-effective-date financing statement may be continued only under section 9–805(c), 9–805(e) or 9–806.

(e) Method of amending: additional termination rule. Whether or not the law of the commonwealth governs perfection of a security interest, the effectiveness of a pre-effective-date financing statement filed in the commonwealth may be terminated after the effective date of the amendatory act 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 9–806(c) has been filed in the office specified by the law of the jurisdiction governing perfection as provided in this Article 9 as amended by the amendatory act as the office in which to file a financing statement.