FILING CONTINUATION FINANCING STATEMENTS
In Indiana, Kentucky and in many other states, continuation financing statements under the Uniform Commercial Code must be filed every five years to keep previously filed financing statements from automatically terminating. Such continuation statements must be filed within six months from the five-year filing anniversary. The next five-year period begins running on the five-year anniversary date, not the date that the continuation statement was filed. Filing continuation financing statements in a timely manner is crucial for creditors in order to maintain perfection of security interests in collateral and maintain priority of the original financing statement filing.