Fact Pattern 29-1B
Tech Support Corporation uses its office equipment as collat?eral for a loan from United Bank. The bank files a financing statement with the secretary of state in the state in which Tech Support was chartered. One year later, Tech Support changes its name to Vector, Inc.
-Refer to Fact Pattern 29-1B. United Bank's perfection will remain effec?tive for
A) four months after the date of the name change.
B) five business days after the date of the name change.
C) six years after the date of the original filing.
D) no time.

Question

Fact Pattern 29-1B 
Tech Support Corporation uses its office equipment as collat?eral for a loan from United Bank. The bank files a financing statement with the secretary of state in the state in which Tech Support was chartered. One year later, Tech Support changes its name to Vector, Inc.
-Refer to Fact Pattern 29-1B. United Bank's perfection will remain effec?tive for
A) four months after the date of the name change.
B) five business days after the date of the name change.
C) six years after the date of the original filing.
D) no time.

Quizplus · Accepted Answer

United Bank's perfection will remain effective for four months after the date of the name change, during which time the bank must amend the financing statement to reflect the new name.