Section 9--707. Amendment of Pre-effective-date Financing Statement.

(a) "Pre-effective-date financing statement". In this section,
"pre-effective-date financing statement" means a financing statement
filed before Revised Article 9 takes effect.

(b) Applicable law. After Revised Article 9 takes effect, a person may
add or delete collateral covered by, continue or terminate the
effectiveness of, or otherwise amend the information provided in, a
pre-effective-date financing statement only in accordance with the law
of the jurisdiction governing perfection as provided in Part 3. However,
the effectiveness of a pre-effective-date financing statement also may
be terminated in accordance with the law of the jurisdiction in which
the financing statement is filed.

(c) Method of amending: general rule. Except as otherwise provided in
subsection (d), if the law of this state governs perfection of a
security interest, the information in a pre-effective-date financing
statement may be amended after Revised Article 9 takes effect only if:

(1) the pre-effective-date financing statement and an amendment

are filed in the office specified in Section 9--501;

(2) an amendment is filed in the office specified in Section

9--501 concurrently with, or after the filing in that office

of, an initial financing statement that satisfies Section

9--706 (c); or

(3) an initial financing statement that provides the information

as amended and satisfies Section 9--706 (c) is filed in the

office specified in Section 9--501.

(d) Method of amending: continuation. If the law of this state governs
perfection of a security interest, the effectiveness of a
pre-effective-date financing statement may be continued only under
Section 9--705 (d) and (f) or 9--706.

(e) Method of amending: additional termination rule. Whether or not
the law of this state governs perfection of a security interest, the
effectiveness of a pre-effective-date financing statement filed in this
state may be terminated after Revised Article 9 takes effect by filing a
termination statement in the office in which the pre-effective-date
financing statement is filed, unless an initial financing statement that
satisfies Section 9--706 (c) has been filed in the office specified by
the law of the jurisdiction governing perfection as provided in Part 3
as the office in which to file a financing statement.