MARVIN MANDEL, Governor
289
to July 1, 1971, the perfection of which is continued
after July 1, 1971, by use of either of the procedures
permitted under this section shall be deemed continuously
perfected from the date of filing of the original
financing statement, so long as compliance has been made
with all other appropriate provisions of this [subtitle]
TITLE.
9-402. Formal requisites of financing statement;
amendments.
(1) A financing statement is sufficient if it is
signed by the debtor and the secured party, gives an
address of the secured party from which information
concerning the security interest may be obtained, gives a
mailing address of the debtor and contains a statement
indicating the types, or describing the items, of
collateral. A financing statement may be filed before a
security agreement is made or a security interest
otherwise attaches. When the financing statement covers
crops growing or to be grown or goods which are or are to
become fixtures, the statement must also contain a
description of the real estate concerned. A copy of the
security agreement is sufficient as a financing statement
if it contains the above information and is signed by
both parties.
(2) A financing statement which otherwise
[complied] COMPLIES with subsection (1) is sufficient
although it is signed only by the secured party when it
is filed to perfect a security interest in
(a) Collateral already subject to a security
interest in another jurisdiction when it is brought into
this State. Such a financing statement must state that
the collateral was brought into this State under such
circumstances.
(b) Proceeds under § 9—306, if the security
interest in the original collateral was perfected. Such
a financing statement must describe the original
collateral.
(3) A form substantially as follows is sufficient
to comply with subsection (1):
Name of debtor (or assignor) .......................
Address:..........................................
Name of secured party (or assignee)................
Address: ..........................................
|