General Laws

[ Text of section added by 2013, 30, Sec. 115 effective July 1, 2013. See 2013, 30, Sec. 117.]

  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.