Vermont § 706 - § 9—706.
Full text of Vermont Vermont Statutes Online § 706 — § 9—706., with citation guidance and answers to common questions.
§ 706. § 9—706.
- When initial financing statement suffices as continuation statement (a) The filing of an initial financing statement in the office specified in section 9—501 of this title as in effect on and after July 1, 2001, continues the effectiveness of a financing
statement filed before July 1, 2001 for the period provided in section 9—515 of this title as in effect on and after July 1, 2001, with respect to an initial financing statement
if: (1) the filing of an initial financing statement in that office would be effective to
perfect a security interest under the provisions of this article as in effect on and
after July 1, 2001; (2) the preeffective-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) of this section. (b) Period of continued effectiveness. The filing of an initial financing statement under
subsection (a) of this section continues the effectiveness of the preffective-date
financing statement: (1) if the initial financing statement is filed before July 1, 2001, for the period provided
in section 9—403 of this title as in effect prior to July 1, 2001, with respect to a financing statement; and (2) if the financing statement is filed after July 1, 2001, for the period provided in
section 9—515 of this title as in effect on and after July 1, 2001, with respect to an initial financing statement. (c) Requirements for initial financing statement under subsection (a) of this section.
To be effective for purposes of subsection (a) of this section, an initial financing
statement must: (1) satisfy the requirements of Part 5 of this article for an initial financing statement; (2) identify the preeffective-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 preeffective-date financing statement remains effective. (Added 2001, No. 46, § 12.)
Frequently Asked Questions About Vermont § 706
What does Vermont Statutes Online § 706 cover?
Section 706 ("§ 9—706.") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 706?
A common citation format is "Vermont Statutes Online § 706" (Vermont). 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 Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 706 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.