Corpus

When initial financing statement suffices to continue effectiveness of financing statement.

Miss. Code Ann. § 75-9-806
in effect
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The filing of an initial financing statement in the office specified in Section 75-9-501 continues the effectiveness of a financing statement filed before July 1, 2013, if: The filing of an initial financing statement in that office would be effective to perfect a security interest under Article 9 as amended by Chapter 451, Laws of 2013; The pre-effective-date financing statement was filed in an office in another state; and The initial financing statement satisfies subsection (c). The filing of an initial financing statement under subsection (a) continues the effectiveness of the pre-effective-date financing statement: If the initial financing statement is filed before July 1, 2013, for the period provided in unamended Section 75-9-515 with respect to an initial financing statement; and If the initial financing statement is filed after July 1, 2013, for the period provided in Section 75-9-515 as amended by Chapter 451, Laws of 2013, with respect to an initial financing statement. To be effective for purposes of subsection (a), an initial financing statement must: Satisfy the requirements of Part 5 as amended by Chapter 451, Laws of 2013, for an initial financing statement; Identify the pre-effective-date financing statement by indicating the office in which the financing statement was filed and providing the dates of filing and file numbers, if any, of the financing statement and of the most recent continuation statement filed with respect to the financing statement; and Indicate that the pre-effective-date financing statement remains effective.