HRS §490:9-707
How to update an old financing statement after the new law
This section explains how to change or end an old financing statement after the new law starts. You can only amend it if you follow the rules of the state that governs the security interest. If Hawaii governs, you must file certain documents in the right office. Ending the statement is allowed in some cases.
creditorsdebtorsfinancial institutions
The statute, as written — Amendment of pre-effective-date financing statement
(a) In this section, "pre-effective-date financing statement" means a financing statement filed before this article takes effect. (b) After this article takes effect, 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 part 3. 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), 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 this article takes effect only if: (1) The pre-effective-date financing statement and an amendment are filed in the office specified in section 490:9-501; (2) An amendment is filed in the office specified in section 490:9-501 concurrently with, or after the filing in that office of, an initial financing statement that satisfies section 490:9-706(c); or (3) An initial financing statement that provides the information as amended and satisfies section 490:9-706(c) is filed in the office specified in section 490:9-501. (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 490:9-705(d) and (f) or 490:9-706. (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 this article takes effect 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 490:9-706(c) has been filed in the office specified by the law of the jurisdiction governing perfection as provided in part 3 as the office in which to file a financing statement.
Sections this one refers to
§490:9-501 Where to file a financing statement in Hawaii
§490:9-705 What happens to actions taken before the new law took effect?
§490:9-706 When an initial financing statement keeps an old financing statement effective
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