O.C.G.A. § 11-9-807 — Amendment of pre-effective date ﬁnancing statement

(a) “Pre-effective date ﬁnancing statement.” As used in this Code section, the term “pre-effective date ﬁnancing statement” means a ﬁnancing statement ﬁled before July 1, 2013. (b) Applicable law. On or after July 1, 2013, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information provided in, a pre-effective date ﬁnancing statement only in accordance with the law of the jurisdiction governing perfection as provided in Part 3 of this article, as in effect on July 1, 2013. 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. (c) Method of amending: general rule. Except as otherwise provided in subsection (d) of this Code section, if the law of this state governs perfection of a security interest, the information in a preeffective date ﬁnancing statement may be amended on or after July 1, 2013, only if: (1) The pre-effective date ﬁnancing statement and an amendment are ﬁled in the office speciﬁed in Code Section 11-9-501; (2) An amendment is ﬁled in the office speciﬁed in Code Section 11-9-501 concurrently with, or after the ﬁling in that office of, an initial ﬁnancing statement that satisﬁes subsection (c) of Code Section 11-9-806; or (3) An initial ﬁnancing statement that provides the information as amended and satisﬁes subsection (c) of Code Section 11-9-806 is ﬁled in the office speciﬁed in Code Section 11-9-501. (d) Method of amending: continuation. If the law of this state governs perfection of a security interest, the effectiveness of a preeffective date ﬁnancing statement may be continued only under subsections (c) and (e) of Code Section 11-9-805 or Code Section 11-9-806. 963 11-9-809 (e) Method of amending: additional termination rule. Whether or not the law of this state governs perfection of a security interest, the effectiveness of a pre-effective date ﬁnancing statement ﬁled in this state may be terminated on or after July 1, 2013, 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 subsection (c) of Code Section 11-9-806 has been ﬁled in the office speciﬁed by the law of the jurisdiction governing perfection as provided in Part 3 of this article, as in effect on July 1, 2013, as the office in which to ﬁle a ﬁnancing statement. History. Code 1981, § 11-9-807, enacted by Ga. L. 2013, p. 690, § 20/SB 185. 11-9-808. Person entitled to ﬁle initial ﬁnancing statement or continuation statement. A person may ﬁle an initial ﬁnancing statement or a continuation statement under this part if: (1) The secured party of record authorizes the ﬁling; and (2) The ﬁling is necessary under this part: (A) To continue the effectiveness of a ﬁnancing statement ﬁled before July 1, 2013; or (B) To perfect or continue the perfection of a security interest. History. Code 1981, § 11-9-808, enacted by Ga. L. 2013, p. 690, § 20/SB 185. 11-9-809. Priority.