2006 New York Code - Transition Provision On Change Of Place Of Filing.



 
  Section 11--105. Transition Provision on Change of Place of Filing.
    (1) A financing statement or continuation statement filed prior to the
  effective date of Revised Article 9 which shall not have lapsed prior to
  the  effective  date of Revised Article 9 shall remain effective for the
  period provided in Original Article 9, but  not  less  than  five  years
  after the filing.
    (2)  With  respect to any collateral acquired by the debtor subsequent
  to the effective date of Revised  Article  9,  any  effective  financing
  statement  or  continuation  statement  described  in this section shall
  apply only if the filing or filings are in the office  or  offices  that
  would  be  appropriate  to  perfect  the  security  interests in the new
  collateral under Revised Article 9.
    (3) The effectiveness  of  any  financing  statement  or  continuation
  statement  filed prior to the effective date of Revised Article 9 may be
  continued by a continuation statement as permitted by Revised Article 9,
  except that if Revised Article 9 requires a filing in  an  office  where
  there  was  no  previous  financing statement, a new financing statement
  conforming to Section 11-106 shall be filed in that office.
    (4) If the record of  a  mortgage  of  real  estate  would  have  been
  effective  as  a  fixture  filing  of goods described therein if Revised
  Article 9 had been in effect on the date of recording the mortgage,  the
  mortgage  shall be deemed effective as a fixture filing as to such goods
  under subsection (6) of Section  9-402  of  Revised  Article  9  on  the
  effective date of Revised Article 9.

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