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Question
Fact Pattern 29-1Technical Support Corporation uses its office equipment as collateral for a loan from United Bank. The bank files a financing statement with the secretary of state in the state in which Technical Support was chartered. One year later, Technical Support changes its name to Vector, Inc.
Refer to Fact Pattern 29-1. To continue the effectiveness of its original filing, United Bank must
a. file a continuation statement after the original filing expires.
b. file a continuation statement before the original filing expires.
c. file a new financing statement within four months of the name change.
d. repossess the equipment that served as collateral for the loan.
Answer
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