2011 Connecticut Code
Title 42a Uniform Commercial Code
Article 9 Secured Transactions
Sec. 42a-9-706. When initial financing statement suffices to continue effectiveness of financing statement.

      Sec. 42a-9-706. When initial financing statement suffices to continue effectiveness of financing statement. (a) The filing of an initial financing statement in the office specified in section 42a-9-501 continues the effectiveness of a financing statement filed before October 1, 2001, if:

      (1) The filing of an initial financing statement in that office would be effective to perfect a security interest under public act 01-132*;

      (2) The pre-effective-date financing statement was filed in an office in another state or another office in this state; and

      (3) The initial financing statement satisfies subsection (c).

      (b) The filing of an initial financing statement under subsection (a) continues the effectiveness of the pre-effective-date financing statement:

      (1) If the initial financing statement is filed before October 1, 2001, for the period provided in section 42a-9-403 of the general statutes, revision of 1958, revised to January 1, 2001, with respect to a financing statement; and

      (2) If the initial financing statement is filed after October 1, 2001, for the period provided in section 42a-9-515 with respect to an initial financing statement.

      (c) To be effective for purposes of subsection (a), an initial financing statement must:

      (1) Satisfy the requirements of part 5 of this article for an initial financing statement;

      (2) 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

      (3) Indicate that the pre-effective-date financing statement remains effective.

      (P.A. 01-132, S. 130.)

      *Note: Public act 01-132 is entitled "An Act Adopting Revised Article 9 of the Uniform Commercial Code Concerning Secured Transactions". (See Reference Table captioned "Public Acts of 2001" in Volume 16 which lists the sections amended, created or repealed by the act.)