116.00.2-5.00. Transition - Continuation
AR ADC 116.00.2-5.00Arkansas Administrative Code
Ark. Admin. Code 116.00.2-5.00
116.00.2-5.00. Transition - Continuation
5.01 The effectiveness of a financing statement that perfects an agricultural lien or a security interest in equipment used in farming operations, farm products, or accounts arising from the sale of farm products may be continued by filing a continuation statement with the Secretary of State pursuant to A.C.A. Section 4-9-510(d)(3).
5.03 A continuation statement filed pursuant to A.C.A. Section 4-9-510(d)(3) to continue the effectiveness of a financing statement filed in the office of Circuit Clerk prior to January 1, 2010 must include an attached certified copy of the initial financing statement that legibly indicates the date of filing and file number of the initial financing statement assigned by the Circuit Clerk.
5.04 The Secretary of State may, under A.C.A. Section 4-9-516(b)(7), refuse to accept a continuation statement submitted pursuant to A.C.A. Section 4-9-510(d)(3) if, based on the file date indicated by the Circuit Clerk on the attached initial financing statement, the filing office determines the record is not filed within the six-month period prescribed by A.C.A. Section 4-9-515(d).
Credits
Adopted Jan. 1, 2010.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 116.00.2-5.00, AR ADC 116.00.2-5.00
End of Document |