{"data":{"id":"us-de/6-del.-c.-9-706","jurisdiction":"us-de","citation":"6 Del. C. § 9-706","heading":"When initial financing statement suffices to continue effectiveness of financing statement.","body":"(a) Initial financing statement in lieu of continuation statement. — The filing of an initial financing statement in the office specified in Section 9-501 continues the effectiveness of a financing statement filed before this Act takes effect if:\n(1) the filing of an initial financing statement in that office would be effective to perfect a security interest under this Act;\n(2) the pre-effective-date financing statement was filed in an office in another State or another office in this State; and\n(3) the initial financing statement satisfies subsection (c).\n(b) Period of continued effectiveness. — The filing of an initial financing statement under subsection (a) continues the effectiveness of the pre-effective-date financing statement:\n(1) if the initial financing statement is filed before this Act takes effect, for the period provided in former Section 9-403 with respect to a financing statement; and\n(2) if the initial financing statement is filed after this Act takes effect, for the period provided in Section 9-515 with respect to an initial financing statement.\n(c) Requirements for initial financing statement under subsection (a). — To be effective for purposes of subsection (a), an initial financing statement must:\n(1) satisfy the requirements of Part 5 for an initial financing statement;\n(2) identify the pre-effective-date financing statement by indicating the office in which the pre-effective-date financing statement was filed and providing the dates of filing and file numbers, if any, of the initial pre-effective-date financing statement and of the most recent continuation statement filed with respect to that financing statement; provided, that if the law of the jurisdiction governing perfection prior to the effective date of this act [June 28, 2005] required the filing of the pre-effective-date financing statement in both a central filing office and a local filing office, then an identification of the filing in the central filing office suffices for purposes of this subsection (c)(2) of this section; and\n(3) indicate that the pre-effective-date financing statement remains effective.","path":["Title 6. Commerce and Trade","SUBTITLE I","Uniform Commercial Code","ARTICLE 9. Secured Transactions","Part 7","Transition"],"source_url":"https://delcode.delaware.gov/title6/c009/sc07/index.html#9-706","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:06Z","sha256":"4d347d2a0e3104a5b8d2c188360dd030ac5d59bc002b95d8094e7ea5ebaa390f","source_id":"us-de","stale":true,"prev":"us-de/6-del.-c.-9-705","next":"us-de/6-del.-c.-9-707"},"notice":"GroundRules: Original legal text. Not legal advice."}