If there is no timely filing of a continuation with respect to a financing statement, the financing statement lapses on its lapse date but no action is then taken by the filing office.
Replaces: 111-11-42
Effective: 1/25/2016Five Year Review (FYR) Dates: 01/15/2021Promulgated Under: 119.03 Statutory Authority: 1309.526 Rule Amplifies: 1309.515, 1309.519 Prior Effective Dates: 7/3/01 (Emer.), 9/20/01, 1/7/11
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