Fact Pattern 20-2
Technical 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 Technical Support was chartered.One year later,Technical Support changes its name to Vector,Inc.
-Refer to Fact Pattern 20-2.To continue the effectiveness of its original fil?ing,United Bank must
A) file a continuation statement after the original filing expires.
B) file a continuation statement before the original filing expires.
C) file a new financing statement within four months of the name change.
D) repossess the equipment that served as collateral for the loan.
Correct Answer:
Verified
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Technical Support Corporation uses
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