(a) On or after July 1, 2001, 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 Alaska Stat. § 45.29.301 – 45.29.342. 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.
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Terms Used In Alaska Statutes 45.29.707

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
  • state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
(b) Except as otherwise provided in (c) of this section, if the law of this state governs perfection of a security interest, the information in a pre-effective date financing statement may be amended on or after July 1, 2001, only if

(1) the pre-effective date financing statement and an amendment are filed in the office specified in Alaska Stat. § 45.29.501;
(2) an amendment is filed in the office specified in Alaska Stat. § 45.29.501 concurrently with, or after the filing in that office of, an initial financing statement that satisfies Alaska Stat. § 45.29.706(c); or
(3) an initial financing statement that provides the information as amended and satisfies Alaska Stat. § 45.29.706(c) is filed in the office specified in Alaska Stat. § 45.29.501.
(c) If the law of this state governs perfection of a security interest, the effectiveness of a pre-effective date financing statement may be continued only under Alaska Stat. § 45.29.705(d) and (f) or 45.29.706.
(d) 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, 2001, 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 Alaska Stat. § 45.29.706(c) has been filed in the office specified by the law of the jurisdiction governing perfection as provided in Alaska Stat. § 45.29.301 – 45.29.342 as the office in which to file a financing statement.
(e) In this section, “pre-effective date financing statement” means a financing statement filed before July 1, 2001.
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