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Please Subscribe like and share this content it means a lot to us thank you in advance Cornell Law School UCC article 9 secured transactions part 7 transition paragraph 9706 when initial financing statement suffices to continue effectiveness of financing statement a initial financing statement in lieu of continuation statement the filing of an initial financing statement in the office specified in section 9501 continues the effectiveness of a financing statement filed before this act takes effective 1. the filing of an initial financing statement in that office would be effective to perfect a security interest under this act 2. the pre-effective date financing statement was filed in an office in another state or another office in this state and three the initial financing statement satisfies subsection C b period of continued effectiveness the filing of an initial financing statement under subsection a continues the effectiveness of the pre-effective eight financing statement one if t