(a) As used in this part 7, "pre-effective-date financing statement" means a financing statement filed before July 1, 2001.
After July 1, 2001, a person may add or delete collateral covered by, continue orterminate the effectiveness of, or otherwise amend the information provided in, a pre-effectivedate financing statement only in accordance with the law of the jurisdiction governing perfection as provided in part 3 of this article. 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.
Except as otherwise provided in subsection (d) of this section, if the law of this stategoverns perfection of a security interest, the information in a pre-effective-date financing statement may be amended after July 1, 2001, only if:
The pre-effective-date financing statement and an amendment are filed in the officespecified in section 4-9-501;
An amendment is filed in the office specified in section 4-9-501 concurrently with,or after the filing in that office of, an initial financing statement that satisfies section 4-9-706 (c); or
An initial financing statement that provides the information as amended and satisfiessection 4-9-706 (c) is filed in the office specified in section 4-9-501.
If the law of this state governs perfection of a security interest, the effectiveness of apre-effective-date financing statement may be continued only under section 4-9-705 (d) and (f) or 4-9-706.
Whether or not the law of this state governs perfection of a security interest, theeffectiveness of a pre-effective-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 pre-effective date financing statement is filed, unless an initial financing statement that satisfies section 4-9-706 (c) has been filed in the office specified by the law of the jurisdiction governing perfection as provided in part 3 of this article as the office in which to file a financing statement.
Source: L. 2001: Entire article R&RE, p. 1426, § 1, effective July 1.
Editor's note - Colorado legislative change: Colorado added this section; the uniform act's section 707 is codified at section 4-9-708.