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Can you summarize NVRS 104.9715?
Uniform Commercial CodeOriginal Articles > Effectiveness, amendment and termination of financing statement filed before July 1, 2013.
Short Summary
This section pertains to the effectiveness, amendment, and termination of financing statements filed before July 1, 2013. A pre-effective-date financing statement refers to a financing statement filed before this date. Starting from July 1, 2013, any changes to the collateral covered, effectiveness, or information provided in a pre-effective-date financing statement can only be made in accordance with the law of the jurisdiction governing perfection as provided in this article. The effectiveness of a pre-effective-date financing statement can also be terminated according to the law of the jurisdiction where the financing statement is filed. If the law of this State governs perfection of a security interest, the information in a pre-effective-date financing statement can be amended if certain conditions are met, such as filing an amendment or an initial financing statement that satisfies specific requirements. The effectiveness of a pre-effective-date financing statement can be continued under certain subsections. However, regardless of the governing law, the effectiveness of a pre-effective-date financing statement filed in this State can be terminated by filing a termination statement, unless an initial financing statement satisfying certain requirements has been filed in the specified office.
Whom does it apply to?
Persons who have filed pre-effective-date financing statements
What does it govern?
Financing statements filed before July 1, 2013
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Nevada