Georgia § 11-9-706 - When initial financing statement suffices to continue effectiveness of financing statement.
Full text of Georgia Official Code of Georgia Annotated § 11-9-706 — When initial financing statement suffices to continue effectiveness of financing statement., with citation guidance and answers to common questions.
§ 11-9-706. When initial financing statement suffices to continue effectiveness of financing statement.
Initial financing statement in lieu of continuation statement. The filing of an initial financing statement in the office specified in Code Section 11-9-501 continues the effectiveness of a financing statement filed before July 1, 2001, if: The filing of an initial financing statement in that office would be effective to perfect a security interest under this article; The pre-effective date financing statement was filed in an office in another state or another office in this state; and The initial financing statement satisfies subsection (c) of this Code section. Period of continued effectiveness. The filing of an initial financing statement under subsection (a) of this Code section continues the effectiveness of the pre-effective date financing statement: If the initial financing statement is filed before July 1, 2001, for the period provided in former Code Section 11-9-403 with respect to a financing statement; and If the initial financing statement is filed on or after July 1, 2001, for the period provided in Code Section 11-9-515 with respect to an initial financing statement. Requirements for initial financing statement under subsection (a) of this Code section. To be effective for purposes of subsection (a), an initial financing statement must: Satisfy the requirements of Part 5 of this article for an initial financing statement; 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 Indicate that the pre-effective date financing statement remains effective. (Code 1981, § 11-9-706 , enacted by Ga. L. 2001, p. 362, § 1.)
Frequently Asked Questions About Georgia § 11-9-706
What does Official Code of Georgia Annotated § 11-9-706 cover?
Section 11-9-706 ("When initial financing statement suffices to continue effectiveness of financing statement.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. 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 Georgia § 11-9-706?
A common citation format is "Official Code of Georgia Annotated § 11-9-706" (Georgia). 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 Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 11-9-706 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia 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 Georgia.