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Can you summarize NVRS 104.9714?
Uniform Commercial CodeOriginal Articles > When initial financing statement suffices to continue effectiveness of financing statement filed before July 1, 2013.
Short Summary
This legal provision, found in the Nevada Revised Statutes under the Uniform Commercial CodeOriginal Articles, addresses the continuation of effectiveness of financing statements filed before July 1, 2013. According to the provision, the filing of an initial financing statement in the specified office continues the effectiveness of a financing statement filed prior to July 1, 2013, under certain conditions. These conditions include the filing of an initial financing statement that would be effective to perfect a security interest under the amended article, the pre-effective-date financing statement being filed in an office in another state, and the satisfaction of specific requirements outlined in subsection 3. The provision also specifies the period for which the effectiveness of the pre-effective-date financing statement continues based on the date of filing of the initial financing statement. Overall, this provision ensures the continued effectiveness of financing statements filed before July 1, 2013, under the specified circumstances.
Whom does it apply to?
Parties who have filed financing statements before July 1, 2013
What does it govern?
Continuation of effectiveness of financing statements filed before July 1, 2013
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Nevada