PMSIs financing statements can be filed after annexation and still be valid.

Name: PMSIs financing statements can be filed after annexation and still be valid.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A PMSI (Purchase Money Security Interest) can be perfected by filing a financing statement within a certain period after the debtor receives possession of the collateral, even if annexation has occurred, as long as it meets the requirements set by the UCC.

PMSIs Financing Statements Can Be Filed After Annexation and Still