If a secured party moves within the state after filing the financing statement,the filing becomes ineffective.

Name: If a secured party moves within the state after filing the financing statement,the filing becomes ineffective.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A secured party moving within the state does not render a filed financing statement ineffective. However, the secured party must file a new financing statement with the appropriate filing office in the new location to maintain the perfection of their security interest.

If a Secured Party Moves Within the State After Filing