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Can you summarize NVRS 104.9709?
Uniform Commercial CodeOriginal Articles > Effectiveness, amendment and termination of financing statement filed before July 1, 2001.
Short Summary
This section pertains to the effectiveness, amendment, and termination of financing statements filed before July 1, 2001. It defines a ‘pre-effective-date financing statement’ as a financing statement filed before that date. The section allows individuals or entities to add or delete collateral, continue or terminate the effectiveness, or amend the information provided in a pre-effective-date financing statement according to the law of the jurisdiction governing perfection. The effectiveness of a pre-effective-date financing statement can also be terminated in accordance with the law of the jurisdiction where it is filed. The section specifies that if the law of the state governs perfection of a security interest, the information in a pre-effective-date financing statement may be amended by filing an amendment in the specified office, concurrently with or after the filing of an initial financing statement that satisfies certain requirements. The effectiveness of a pre-effective-date financing statement may be continued only under specific subsections of NRS 104.9705 or NRS 104.9706. Additionally, the effectiveness of a pre-effective-date financing statement filed in this state may be terminated by filing a termination statement, unless an initial financing statement satisfying certain requirements has been filed in the specified office according to the law of the jurisdiction governing perfection.
Whom does it apply to?
Individuals or entities who have filed pre-effective-date financing statements
What does it govern?
Financing statements filed before July 1, 2001
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Nevada