A financing statement is effective for five years from the date of filing.

Name: A financing statement is effective for five years from the date of filing.
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Quizplus · Accepted Answer

According to Article 9 of the Uniform Commercial Code (UCC), a financing statement is effective for five years from the date of filing, unless a continuation statement is filed before the expiration date. If a continuation statement is filed before the expiration date, the financing statement can be continued for another five years.

A Financing Statement Is Effective for Five Years from the Date