§ 11-105. Transition Provision on Change of Place of Filing. (1) A financing statement or continuation statement filed prior to July 1, 1973
which shall not have lapsed prior to July 1, 1973 shall remain effective for the period
provided in the Uniform Commercial Code, approved July 31, 1961, as amended, but not
less than 5 years after the filing.
(2) With respect to any collateral acquired by the debtor subsequent to July 1, 1973
any effective financing statement or continuation statement described in this Section
shall apply only if the filing or filings are in the office or offices that would
be appropriate to perfect the security interests in the new collateral under this
amendatory Act of 1972.
(3) The effectiveness of any financing statement or continuation statement filed prior
to July 1, 1973 may be continued by a continuation statement as permitted by this
amendatory Act of 1972, except that if this amendatory Act of 1972 requires a filing
in an office where there was no previous financing statement, a new financing statement
conforming to Section 11-106 shall be filed in that office.
(4) If the record of a mortgage of real estate would have been effective as a fixture
filing of goods described therein if this amendatory Act of 1972 had been in effect
on the date of recording the mortgage, the mortgage shall be deemed effective as a
fixture filing as to such goods under subsection (6) of Section 9-402 of this amendatory
Act of 1972 on the effective date of this amendatory Act of 1972.
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