Vermont § 707 - § 9—707.
Full text of Vermont Vermont Statutes Online § 707 — § 9—707., with citation guidance and answers to common questions.
§ 707. § 9—707.
- Amendment of preeffective-date financing statement (a) In this section and in section 9—706 of this title, “preeffective-date financing statement” means a financing statement filed before
July 1, 2001. (b) After July 1, 2001, a person may add or delete collateral covered by, continue or
terminate the effectiveness of, or otherwise amend the information provided in, a
preeffective-date financing statement only in accordance with the law of the jurisdiction
governing perfection as provided in Part 3 of this article on and after July 1, 2001.
However, the effectiveness of a preeffective-date financing statement also may be
terminated in accordance with the law of the jurisdiction in which the financing statement
is filed. (c) Except as otherwise provided in subsection (d) of this section, if the law of this
State governs perfection of a security interest, the information in a preeffective-date
financing statement may be amended after July 1, 2001 only if: (1) the preeffective-date financing statement and an amendment are filed in the office
specified in section 9—501 of this title as in effect on and after July 1, 2001; (2) an amendment is filed in the office specified in section 9—501 of this title as in effect on and after July 1, 2001 concurrently with, or after the filing in
that office of, an initial financing statement that satisfies subsection 9—706(b) of this title; or (3) an initial financing statement that provides the information as amended, and satisfies
subsection 9—706(b) of this title, is filed in the office specified in section 9—501 of this title as in effect on and after July 1, 2001. (d) If the law of this state governs perfection of a security interest, the effectiveness
of a preeffective-date financing statement may be continued only under subsections
9—705(d) and (f) or 9—706 of this title. (e) Whether or not the law of this section governs perfection of a security interest,
the effectiveness of a preeffective-date financing statement filed in this State may
be terminated after July 1, 2001 by filing a termination statement in the office in
which the preeffective-date financing statement is filed, unless an initial financing
statement that satisfies subsection 9—706(b) of this title has been filed in the office specified by the law of the jurisdiction governing perfection
as provided in Part 3 of this article as in effect on and after July 1, 2001, as the
office in which to file a financing statement. (Added 2001, No. 46, § 12.)
Frequently Asked Questions About Vermont § 707
What does Vermont Statutes Online § 707 cover?
Section 707 ("§ 9—707.") 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 § 707?
A common citation format is "Vermont Statutes Online § 707" (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 § 707 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.