Texas Business & Commerce Code

§ 9.706 — WHEN INITIAL FINANCING STATEMENT SUFFICES TO CONTINUE EFFECTIVENESS OF FINANCING STATEMENT

BC § 9.706Title 1. UNIFORM COMMERCIAL CODE · Ch. 9. SECURED TRANSACTIONS · Art. G. TRANSITION PROVISIONS

Statute text

(a)The filing of an initial financing statement in the office specified in Section 9.501, as revised, continues the effectiveness of a financing statement filed before the revision takes effect if:

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

(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 the revision takes effect, for the period provided in Section 9.403, as it existed immediately before the effective date of the revision, with respect to a financing statement; and

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