SECTION 679.706. When initial financing statement suffices to continue effectiveness of financing statement.

Latest version.

1(1) 2The filing of an initial financing statement in the office specified in s. 15679.5011 16continues the effectiveness of a financing statement filed before this act takes effect if:
30(a) 31The filing of an initial financing statement in that office would be effective to perfect a security interest under this act;
52(b) 53The pre-effective date financing statement was filed in an office in another state or another office in this state; and
73(c) 74The initial financing statement satisfies subsection (3).
81(2) 82The filing of an initial financing statement under subsection (1) continues the effectiveness of the pre-effective date financing statement:
101(a) 102If the initial financing statement is filed before this act takes effect, for the period provided in s. 120679.403, 121Florida Statutes 2000, with respect to a financing statement; and
131(b) 132If the initial financing statement is filed after this act takes effect, for the period provided in s. 150679.515 151with respect to an initial financing statement.
158(3) 159To be effective for purposes of subsection (1), an initial financing statement must:
172(a) 173Satisfy the requirements of part V for an initial financing statement;
184(b) 185Identify 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
232(c) 233Indicate that the pre-effective date financing statement remains effective.

History.-s. 8, ch. 2001-198.

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