Continuation statement

Enables perfection to continue. If not filed the financing statement and perfection lapses after 5 years • Must file every 5 years and have a 6 month window prior to the 5 years lapsing to file • If don’t file it becomes unperfected unless it is perfected in another manner • If lapses, the filing office must maintain a record of the information provided in a filed financing statement for at least 1 year after the effectiveness of the financing statement has lapsed and this information must be retrievable o A record is all of the documents altogether which relate to the initial financing statement