Louisiana § RS 10:9-706 - When initial financing statement suffices to continue effectiveness of financing statement
Full text of Louisiana Louisiana Civil Code § RS 10:9-706 — When initial financing statement suffices to continue effectiveness of financing statement, with citation guidance and answers to common questions.
§ RS 10:9-706. When initial financing statement suffices to continue effectiveness of financing statement
(a) Initial financing statement in lieu of continuation statement. The filing of an initial financing statement in the office specified in R.S. 10:9-501 continues the effectiveness of a pre-effective-date financing statement 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; and
(3) the initial financing statement satisfies Subsection (c).
(b) Period of continued effectiveness. The filing of an initial financing statement under Subsection (a) continues the effectiveness of the pre-effective-date financing statement:
(1) if the initial financing statement is filed before July 1, 2001, for the period provided in R.S. 10:9-403 of former Chapter 9 with respect to a financing statement; and
(2) if the initial financing statement is filed on or after July 1, 2001, for the period provided in R.S. 10:9-515 with respect to an initial financing statement.
(c) Requirements for initial financing statement under Subsection (a). To be effective for purposes of Subsection (a), an initial financing statement must:
(1) satisfy the requirements of Part 5 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.
Acts 2001, No. 128, §1, eff. July 1, 2001.
Frequently Asked Questions About Louisiana § RS 10:9-706
What does Louisiana Civil Code § RS 10:9-706 cover?
Section RS 10:9-706 ("When initial financing statement suffices to continue effectiveness of financing statement") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. 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 Louisiana § RS 10:9-706?
A common citation format is "Louisiana Civil Code § RS 10:9-706" (Louisiana). 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 Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 10:9-706 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana 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 Louisiana.