24.48.140 Amendment of Pre-Effective-Date Financing Statement

(a) In this section, "pre-effective-date financing statement" means a financing statement filed before Chapters 24.42 through 24.48 take effect.

(b) After Chapters 24.42 through 24.48 take 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 this Code as amended by this title. 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) Except as otherwise provided in subsection (d), if the law of the Tribe governs perfection of a security interest, the information in a pre-effective-date financing statement may be amended after this title takes effect only if:

(1) The pre-effective-date financing statement and an amendment are filed in the office specified in section 24.4272;

(2) An amendment is filed in the office specified in section 24.4272 concurrently with, or after the filing in that office of, an initial financing statement that satisfies subsection (c) of Section 24.48.130; or

(3) An initial financing statement that provides the information as amended and satisfies subsection 3 of section 41-09-136 is filed in the office specified in section 24.4272.

(d) If the law of the Tribe governs perfection of a security interest, the effectiveness of a pre-effective-date financing statement may be continued only under subsections (c) and (e) of Section 24.48.120 or Section 24.48.130.

(e) Whether or not the law of the Tribe governs perfection of a security interest, the effectiveness of a pre-effective-date financing statement filed within the Tribe's jurisdiction or in another jurisdiction that the Tribe has entered into an Agreement with may be terminated after Chapters 24.42 through 24.48 take 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 subsection (c) of Section 24.48.130 has been filed in the office specified by the law of the jurisdiction governing perfection as provided in Chapters 24.42 through 24.48 as amended by Chapters 24.42 through 24.48 as the office in which to file a financing statement.