(a) After July 1, 2013, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information provided in a pre-effective-date financing statement only in accordance with the law of the jurisdiction governing perfection as provided in AS 45.29.101 - 45.29.709, as those sections read on July 1, 2013. However, the effectiveness of a pre-effective-date financing statement may also be terminated in accordance with the law of the jurisdiction in which the financing statement is filed.
(b) Except as otherwise provided in (d) of this section, if the law of this state governs perfection of a security interest, the information in a pre-effective-date financing statement may be amended after July 1, 2013, only if
(1) the pre-effective-date financing statement and an amendment are filed in the office specified in AS 45.29.501 ;
(2) an amendment is filed in the office specified in AS 45.29.501 concurrently with, or after the filing in that office of, an initial financing statement that satisfies AS 45.29.806 (c); or
(3) an initial financing statement that provides the information as amended and satisfies AS 45.29.806 (c) is filed in the office specified in AS 45.29.501 .
(c) If the law of this state governs perfection of a security interest, the effectiveness of a pre-effective-date financing statement may be continued only under AS 45.29.805 (c) and (e) or 45.29.806.
(d) Whether or not the law of this state governs perfection of a security interest, the effectiveness of a pre-effective-date financing statement filed in this state may be terminated on or after July 1, 2013, by filing a termination statement in the office in which the pre-effective-date financing statement is filed, unless an initial financing statement that satisfies AS 45.29.806 (c) has been filed in the office specified by the law of the jurisdiction governing perfection as provided in AS 45.29.101 - 45.29.709, as those sections read on July 1, 2013, as the office in which to file a financing statement.
(e) In this section, "pre-effective-date financing statement" means a financing statement filed before July 1, 2013.
Section: Previous 45.29.802 45.29.803 45.29.804 45.29.805 45.29.806 45.29.807 45.29.808 45.29.809 45.29.810 45.29.811 NextLast modified: November 15, 2016