Current through 2024 Ky. Acts ch. 225
Section 355.9-806 - When initial financing statement suffices to continue effectiveness of financing statement(1) The filing of an initial financing statement in the office specified in KRS 355.9-501 continues the effectiveness of a financing statement filed before July 1, 2013, if: (a) The filing of an initial financing statement in that office would be effective to perfect a security interest under this article as amended by KRS 355.9-801 to 355.9-809;(b) The pre-effective-date financing statement was filed in an office in another state; and(c) The initial financing statement satisfies subsection (3) of this section.(2) The filing of an initial financing statement under subsection (1) of this section continues the effectiveness of the pre-effective-date financing statement: (a) If the initial financing statement is filed before July 1, 2013, for the period provided in KRS 355.9-515 before July 12, 2012, with respect to an initial financing statement; and(b) If the initial financing statement is filed after July 1, 2013, for the period provided in KRS 355.9-515 on July 12, 2012, with respect to an initial financing statement.(3) To be effective for purposes of subsection (1) of this section, an initial financing statement shall: (a) Satisfy the requirements of KRS Chapter 355 as amended by KRS 355.9-801 to 355.9-809 for an initial financing statement;(b) Identify the pre-effective-date financing statement by indicating the office in which the financing statement was filed and providing the dates of filing and file numbers, if any, of the financing statement and of the most recent continuation statement filed with respect to the financing statement; and(c) Indicate that the pre-effective-date financing statement remains effective.Added by 2012 Ky. Acts ch. 132,§ 96, eff. 7/1/2013.