New Jersey § 12a:9-707
Full text of New Jersey New Jersey Statutes § 12a:9-707, with citation guidance and answers to common questions.
§ 12a:9-707.
(a) “ Pre-effective-date financing statement ”. In this section, “ pre-effective-date financing statement ” means a financing statement filed before this chapter takes effect. (b) Applicable law. After this chapter takes effect, a person may add or delete collateral covered by,
continue or terminate the effectiveness of, or otherwise amend the information provided
in, a pre-effective-date financing statement only in accordance with the law of the
jurisdiction governing perfection as provided in Part 3. However, the effectiveness of a pre-effective-date financing statement also may
be terminated in accordance with the law of the jurisdiction in which the financing
statement is filed. (c) Method of amending: general rule. Except as otherwise provided in subsection (d), if the law of this State governs
perfection of a security interest, the information in a pre-effective-date financing
statement may be amended after this chapter takes effect only if: (1) the pre-effective-date financing statement and an amendment are filed in the office
specified in 12A:9-501; (2) an amendment is filed in the office specified in 12A:9-501 concurrently with,
or after the filing in that office of, an initial financing statement that satisfies
12A:9-706(c); or (3) an initial financing statement that provides the information as amended and satisfies
12A:9-706(c) is filed in the office specified in 12A:9-501. (d) Method of amending: continuation. If the law of this State governs perfection of a security interest, the effectiveness
of a pre-effective-date financing statement may be continued only under 12A:9-705(d)
and (f) or 12A:9-706. (e) Method of amending: additional termination rule. Whether or not the law of this State governs perfection of a security interest,
the effectiveness of a pre-effective-date financing statement filed in this State
may be terminated after this chapter takes effect by filing a termination statement
in the office in which the pre-effective-date financing statement is filed, unless
an initial financing statement that satisfies 12A:9-706(c) has been filed in the office
specified by the law of the jurisdiction governing perfection as provided in Part
3 as the office in which to file a financing statement. The preceding sentence applies only to the office described in 12A:9-501(a)(2).
Frequently Asked Questions About New Jersey § 12a:9-707
What does New Jersey Statutes § 12a:9-707 cover?
Section 12a:9-707 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:9-707?
A common citation format is "New Jersey Statutes § 12a:9-707" (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:9-707 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.