111:1-3-29. Procedure upon lapse  


Latest version.
  • 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: 1/25/2016
Five Year Review (FYR) Dates: 01/15/2021
Promulgated 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