N.Y.
Uniform Commercial Code Law Section 9-707
Amendment of Pre-effective-date Financing Statement
(a)
“Pre-effective-date financing statement”. In this section, “pre-effective-date financing statement” means a financing statement filed before Revised Article 9 takes effect.(b)
Applicable law. After Revised Article 9 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 in Part 3. 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)
Method of amending: general rule. Except as otherwise provided in subsection (d), if the law of this state governs perfection of a security interest, the information in a pre-effective-date financing statement may be amended after Revised Article 9 takes effect 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--706 (c); or(3)
an initial financing statement that provides the information as amended and satisfies Section 9--706 (c) is filed in the office specified in Section 9--501.(d)
Method of amending: continuation. If the law of this state governs perfection of a security interest, the effectiveness of a pre-effective-date financing statement may be continued only under Section 9--705 (d) and (f) or 9--706.(e)
Method of amending: additional termination rule. Whether or not the law of this state governs perfection of a security interest, the effectiveness of a pre-effective-date financing statement filed in this state may be terminated after Revised Article 9 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 Section 9--706 (c) has been filed in the office specified by the law of the jurisdiction governing perfection as provided in Part 3 as the office in which to file a financing statement.
Source:
Section 9-707 — Amendment of Pre-effective-date Financing Statement, https://www.nysenate.gov/legislation/laws/UCC/9-707 (updated Sep. 22, 2014; accessed Oct. 26, 2024).
