(2) With respect to any financing statement filed prior to the effective date of
this act, any continuation or other statement filed on and after the effective date of
this act in relation to such original financing statement shall be filed (i.e., the
"transitional filing") in accordance with this act and if this act requires filing in a
place where the original financing statement was not filed, then a new financing
statement conforming to § 10-110 or the original or photographic or photostatic copy
of the original financing statement and a copy of any prior continuation or other
statement shall all be filed in the place where filing is required by this act.

(3) Nothing in this act shall be deemed to invalidate any action otherwise
complying with applicable law taken in good faith until the effective date of this act
pursuant to Chapter 240 of the Acts of 1972 (§ 9-401,1); provided, however, that
transitional filings made on and after January 1, 1981, BUT BEFORE 12:01 A.M. ON
JULY 1, 2001, shall be made pursuant to this act with regard to original filings made
pursuant to § 9-401 as it existed prior to July 1, 1971 and as said section was
amended effective July 1, 1971 by Chapter 457 of the Acts of 1971.

(4) The names and addresses of the debtor and secured party at the time
transitional filings are made shall govern the date to be reflected upon statements
filed under this act and shall govern place of filing and indexing in the filing records.

10-110.

(1) If a security interest is perfected or has priority when this act takes effect
as to all persons or as to certain persons without any filing or recording, and if the
filing of a financing statement would be required for the perfection or priority of the
security interest against those persons under this act, the perfection and priority
rights of the security interest continue until 3 years after the effective date of this act.
The perfection will then lapse unless a financing statement is filed as provided in
subsection (4) or unless the security interest is perfected in accordance with the
provisions of this act otherwise than by filing.

(2) If a security interest is perfected when this act takes effect under a law
other than this act which requires no further filing, refiling or recording to continue
its perfection, perfection continues until and will lapse 3 years after this act takes
effect, unless a financing statement is filed as provided in subsection (4) or unless the
security interest is perfected otherwise than by filing, or unless under subsection (3)
of § 9-302 OF THE PRIOR CODE the other law continues to govern filing.

(3) If a security interest is perfected by a filing, refiling or recording under a
law repealed by this [article] ACT which required further filing, refiling or recording
to continue its perfection, perfection continues and will lapse on the date provided by
the law so repealed for such further filing, refiling or recording unless a financing
statement is filed as provided in subsection (4) or unless the security interest is
perfected in accordance with the provisions of this act otherwise than by filing.

(4) [A] UNDER THE PRIOR CODE, A financing statement may be filed within 6
months before the perfection of a security interest would otherwise lapse. Any such
financing statement is sufficient if signed by either the debtor or the secured party. It
must identify the security agreement, statement or notice (however denominated in
any statute or other law repealed or modified by this [article] ACT), state the office