For how long is a UCC financing statement generally effective?

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Multiple Choice

For how long is a UCC financing statement generally effective?

Explanation:
A UCC financing statement is effective for five years from the filing date. To keep perfection beyond that initial period, a continuation statement must be filed within the six-month window immediately before expiration, which extends the effect for another five years from the expiration date. Continued perfection is possible with subsequent renewals, but if no continuation is filed, the financing statement lapses and perfection ends. So, the general duration is five years.

A UCC financing statement is effective for five years from the filing date. To keep perfection beyond that initial period, a continuation statement must be filed within the six-month window immediately before expiration, which extends the effect for another five years from the expiration date. Continued perfection is possible with subsequent renewals, but if no continuation is filed, the financing statement lapses and perfection ends. So, the general duration is five years.

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