111-11-39 Continuation.

(A) Continuation of lapse date. Upon the timely filing of one or more continuations by any secured party/parties of record, the lapse date of the financing statement shall be postponed for five years.

(B) Status of parties. The filing of a continuation shall have no effect upon the status of any party to the financing statement.

(C) Status of financing statement. Upon the filing of a continuation statement, the status of the financing statement remains active.

HISTORY: Eff 7-3-01 (Emer.); 9-20-01

Rule promulgated under: RC 119.03

Rule authorized by: RC 1309.526

Rule amplifies: RC 1309.515, 1309.519

RC 119.032 Review Dates: 9/20/06