Oregon Administrative Rules
Chapter 160 - SECRETARY OF STATE, CORPORATION DIVISION
Division 40 - UNIFORM COMMERCIAL CODE - ARTICLE 9
Section 160-040-0309 - Continuation
Universal Citation: OR Admin Rules 160-040-0309
Current through Register Vol. 63, No. 3, March 1, 2024
(1) Continuation of lapse date. Upon the timely filing of one or more continuations by any secured party(ies) of record, the lapse date of the financing statement shall be extended for five years.
(2) Status of parties. The filing of a continuation shall have no effect upon the status of any party to the financing statement.
(3) Status of financing statement. Upon the filing of a continuation statement, the status of the financing statement remains active.
Stat. Auth.: ORS 79.0526
Stats. Implemented: ORS 79.0510 & 79.0526
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