Effect of filing termination of financing statement

NAC 104.255 Effect of filing termination of financing statement. ( NRS 104.9526 ) 1. The filing of a termination of a financing statement has no effect on the status of any party to the financing statement. 2. The filing of a termination of a financing statement has no effect on the financing statement and the financing statement will remain active in the information management system for 1 year after it lapses, unless the termination relates to a financing statement that indicates it is filed against a transmitting utility, in which case the financing statement will become inactive 1 year after it is terminated with respect to all secured parties of record. (Added to NAC by Sec’y of State by R084-01, eff. 10-30-2001)