Alaska § 45.29.706 - When initial financing statement suffices to continue effectiveness of financing statement.
Full text of Alaska Alaska Statutes § 45.29.706 — When initial financing statement suffices to continue effectiveness of financing statement., with citation guidance and answers to common questions.
§ 45.29.706. When initial financing statement suffices to continue effectiveness of financing statement.
(a) The filing of an initial financing statement in the office specified in AS 45.29.501 continues the effectiveness of a financing statement filed before July 1, 2001, if (1) the filing of an initial financing statement in that office would be effective to perfect a security interest under this chapter;
(2) the pre-effective date financing statement was filed in an office in another state or another office in this state; and
(3) the initial financing statement satisfies (b) of this section.
(b) The filing of an initial financing statement under (a) of this section continues the effectiveness of the pre-effective date financing statement if the initial financing statement is filed (1) before July 1, 2001, for the period provided in former AS 45.09.403 with respect to a financing statement; and
(2) on or after July 1, 2001, for the period provided in AS 45.29.515 with respect to an initial financing statement.
(c) To be effective for purposes of (a) of this section, an initial financing statement must (1) satisfy the requirements of AS 45.29.501 — 45.29.524 for an initial financing statement;
(2) identify the pre-effective date financing statement by indicating the office in which the financing statement was filed and providing the dates of filing and file numbers, if any, of the financing statement and of the most recent continuation statement filed with respect to the financing statement; and
(3) indicate that the pre-effective date financing statement remains effective.
Frequently Asked Questions About Alaska § 45.29.706
What does Alaska Statutes § 45.29.706 cover?
Section 45.29.706 ("When initial financing statement suffices to continue effectiveness of financing statement.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 45.29.706?
A common citation format is "Alaska Statutes § 45.29.706" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 45.29.706 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.