Secretary of State
Corporation Division - Chapter 160
Division 40
UNIFORM COMMERCIAL CODE — ARTICLE 9
160-040-0309
Continuation
(1) Continuation of lapse date. Upon the timely filing of one or more continuations by any secured party(ies) of record, the lapse date of the financing statement shall be extended for five years.
(2) Status of parties. The filing of a continuation shall have no effect upon the status of any party to the financing statement.
(3) Status of financing statement. Upon the filing of a continuation statement, the status of the financing statement remains active.
Statutory/Other Authority: ORS 79.0526
Statutes/Other Implemented: ORS 79.0510 & 79.0526
History:
CORP 4-2008, f. 7-15-08, cert. ef. 8-1-08
CORP 2-2001, f. 7-9-01, cert. ef. 8-1-01