The Secretary of State’s Office is aware of the controversy surrounding the Uniform Commercial Code (UCC) Revised Article 9 Section 705(c) continuation filing issue. Our office has decided to adopt the International Association of Commercial Administrators (IACA) Board of Directors’ recommendation to accept continuations within the six-month window provided in Article 9 Section 515(d) and not to “open the window for continuations” on January 1, 2006. See sections 4-9-705 and 4-9-515, C.R.S. Please contact your legal advisor with questions related to this UCC RA 9 transition issue.

 

Published January 4, 2006 at 9:58 AM