400.11-105. Place of filing, transitional provision. - Missouri Statutes

Place of filing, transitional provision.

400.11-105. (1) A financing statement or continuationstatement filed prior to January 1, 1989, which shall not havelapsed prior to January 1, 1989, shall remain effective for theperiod provided in chapter 400, as it reads prior to January 1,1989, but not less than five years after the filing.

(2) With respect to any collateral acquired by the debtorsubsequent to January 1, 1989, any effective financingstatement or continuation statement described in this sectionshall apply only if the filing or filings are in the office oroffices that would be appropriate to perfect the securityinterests in the new collateral under chapter 400, as it readsafter January 1, 1989.

(3) The effectiveness of any financing statement orcontinuation statement filed prior to January 1, 1989, may becontinued by a continuation statement as permitted by section400.9-403(4), except that where this chapter requires a filingin an office where there was no previous financing statement, anew financing statement conforming to section 400.11-106 shallbe filed in that office.

(4) If the record of a mortgage of real estate would havebeen effective as a fixture filing of goods described thereinif such mortgage had been recorded on January 1, 1989, themortgage shall be deemed effective as a fixture filing as tosuch goods under subsection (6) of section 400.9-402 on January1, 1989.

(L. 1988 S.B. 583 § 400.11-104)

Effective 1-1-89