New Jersey § 12a:9-706
Full text of New Jersey New Jersey Statutes § 12a:9-706, with citation guidance and answers to common questions.
§ 12a:9-706.
(a) Initial financing statement in lieu of continuation statement. The filing of an initial financing statement in the office specified in 12A:9-501
continues the effectiveness of a financing statement filed before this chapter takes
effect 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 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 this chapter takes effect,
for the period provided in former 12A:9-403 with respect to a financing statement;
and (2) if the initial financing statement is filed after this chapter takes effect, for
the period provided in 12A: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 shall: (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.
Frequently Asked Questions About New Jersey § 12a:9-706
What does New Jersey Statutes § 12a:9-706 cover?
Section 12a:9-706 is part of the New Jersey Statutes, the codified statutory law of New Jersey. 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 New Jersey § 12a:9-706?
A common citation format is "New Jersey Statutes § 12a:9-706" (New Jersey). 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 New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:9-706 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey 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 New Jersey.