The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
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This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
47-9707 - Amendment of preeffectivedate financing statement; definition
47-9707. Amendment of pre-effective-date financing statement; definition
A. In this section, "pre-effective-date financing statement" means a financing statement filed before July 1, 2001.
B. After July 1, 2001, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information provided in, a pre-effective-date financing statement only in accordance with the law of the jurisdiction governing perfection as provided in article 3 of this chapter, as added in 1999. However, the effectiveness of a pre-effective-date financing statement also may be terminated in accordance with the law of the jurisdiction in which the financing statement is filed.
C. Except as otherwise provided in subsection D of this section, if the law of this state governs perfection of a security interest, the information in a pre-effective-date financing statement may be amended after July 1, 2001 only if:
1. The pre-effective-date financing statement and an amendment are filed in the office specified in section 47-9501;
2. An amendment is filed in the office specified in section 47-9501 concurrently with, or after the filing in that office of, an initial financing statement that satisfies section 47-9706, subsection C; or
3. An initial financing statement that provides the information as amended and satisfies section 47-9706, subsection C and that is filed in the office specified in section 47-9501.
D. If the law of this state governs perfection of a security interest, the effectiveness of a pre-effective-date financing statement may be continued only under section 47-9705, subsections D and F or section 47-9706.
E. Whether or not the law of this state governs perfection of a security interest, the effectiveness of a pre-effective-date financing statement filed in this state may be terminated after July 1, 2001 by filing a termination statement in the office in which the pre-effective-date financing statement is filed, unless an initial financing statement that satisfies section 47-9706, subsection C has been filed in the office specified by the law of the jurisdiction governing perfection as provided in article 3 of this chapter, as added in 1999, as the office in which to file a financing statement.