NAC104.240. Continuation: Amount of extension; effect on status.

Latest version.

     1. Upon the timely filing of a continuation of a financing statement by a secured party of record, the lapse date of the financing statement is extended for 5 years.

     2. The filing of a continuation of a financing statement has no effect on the status of any party to the financing statement.

     3. Upon the filing of a continuation of a financing statement, the status of the financing statement remains active.

(Added to NAC by Sec’y of State by R084-01, eff. 10-30-2001)

                    
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