N.Y. Uniform Commercial Code Law § 11-106: Required Refilings

Section 11--106. Required Refilings.

(1) If a security interest is perfected or has priority when the act

enacting this Article takes effect as to all persons or as to certain

persons without any filing or recording, and if the filing of a

financing statement would be required for the perfection or priority of

the security interest against those persons under Revised Article 9, the

perfection and priority rights of the security interest continue until

three years after the effective date of Revised Article 9. The

perfection will then lapse unless a financing statement is filed as

provided in subsection (2) or unless the security interest is perfected

otherwise than by filing.

(2) A financing statement may be filed within six months before the

perfection of a security interest would otherwise lapse. Any such

financing statement may be signed by either the debtor or the secured

party. It must identify the security agreement, statement or notice

however denominated in any statute or other law repealed or modified by

the act enacting this Article, state the office where and the date when

the last filing, refiling or recording, if any, was made with respect

thereto, and the filing number, if any, or book and page, if any, of

recording and further state that the security agreement, statement or

notice, however denominated, in another filing office under the uniform

commercial code or under any statute or other law repealed or modified

by the act enacting this Article is still effective. Section 9-401 and

Section 9-103 determine the proper place to file such a financing

statement. Except as specified in this subsection, the provisions of

subsection (3) of Section 9-403 for continuation statements apply to

such a financing statement.