Kansas Statutes Annotated

K.S.A. § 84-9-515 (2026)

Duration and effectiveness of financing statement; lapse and continuation of financing statement

✓ current as of May 2026

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84-9-515. Duration and effectiveness of financing statement; lapse and continuation of financing statement. (a) Five-year effectiveness. Except as otherwise provided in subsections (b), (e), (f) and (g), a filed financing statement is effective for a period of five years after the date of filing.

(b) Manufactured-home transaction. Except as otherwise provided in subsections (e), (f) and (g), an initial financing statement filed in connection with a manufactured-home transaction is effective for a period of 30 years after the date of filing if it indicates that it is filed in connection with a manufactured-home transaction.

(c) Lapse and continuation of financing statement. The effectiveness of a filed financing statement lapses on the expiration of the period of its effectiveness unless before the lapse a continuation statement is filed pursuant to subsection (d). Upon lapse, a financing statement ceases to be effective and any security interest or agricultural lien that was perfected by the financing statement becomes unperfected, unless the security interest is perfected otherwise. If the security interest or agricultural lien becomes unperfected upon lapse, it is deemed never to have been perfected as against a purchaser of the collateral for value.

(d) When continuation statement may be filed. A continuation statement may be filed only within six months before the expiration of the five-year period specified in subsection (a) or the thirty-year period specified in subsection (b), whichever is applicable.

(e) Effect of filing continuation statement. Except as otherwise provided in K.S.A. 2025 Supp. 84-9-510, and amendments thereto, upon timely filing of a continuation statement, the effectiveness of the initial financing statement continues for a period of five years commencing on the day on which the financing statement would have become ineffective in the absence of the filing. Upon the expiration of the five-year period, the financing statement lapses in the same manner as provided in subsection (c), unless, before the lapse, another continuation statement is filed pursuant to subsection (d). Succeeding continuation statements may be filed in the same manner to continue the effectiveness of the initial financing statement.

(f) Transmitting utility financing statement. If a debtor is a transmitting utility and a filed initial financing statement so indicates, the financing statement is effective until a termination statement is filed.

(g) Record of mortgage as financing statement. A record of a mortgage that is effective as a financing statement filed as a fixture filing under K.S.A. 2025 Supp. 84-9-502(c), and amendments thereto, remains effective as a financing statement filed as a fixture filing until the mortgage is released or satisfied of record or its effectiveness otherwise terminates as to the real property.

History: L. 2000, ch. 142, § 86; L. 2002, ch. 159, § 19; L. 2012, ch. 84, § 13; July 1, 2013.

Notes of Decisions

Cited in 9 cases (1 in the last 5 years), 2002–2024 · leading case: Nat'l Bank of Andover, N.A. v. Aero Stand. Tooling, Inc., 49 P.3d 547 (Kan. Ct. App. 2002).

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Nat'l Bank of Andover, N.A. v. Aero Stand. Tooling, Inc., 49 P.3d 547 (Kan. Ct. App. 2002). · cites it 2× “See K.S.A. 2001 Supp. 84-9-515(e). The Bank filed its financing statement which covered AST’s equipment in March 1992.”

Mull Drilling Co. v. SemCrude, L.P. (In re SemCrube, L.P.), 407 B.R. 82 (Bankr. D. Del. 2009). · cites it 2× “If a deed, mineral deed, assignment of oil or gas lease, or other such writing evidencing the assignment is filed in the real estate records of the county, it will have the same effect as filing an amended financing statement under K.S.A. 84-9-515, and amendments thereto.” Id.”

In Re QuVIS, Inc., 446 B.R. 490 (Bankr. D. Kan. 2011). “§ 84-9-515 (2009 Supp.); Noteholder Order, p.”

In Re Quvis, Inc., 469 B.R. 353 (D. Kan. 2012). · cites it 2× “[11] See Kan. Stat. Ann. § 84-9-515 (2010) ("[A] filed financing statement is effective for a period of five years after the date of filing.”

Friesen v. Seacoast Capital Partners II, L.P. (In re QuVis, Inc.), 469 B.R. 353 (D. Kan. 2012). · cites it 2× “See Kan. Stat. Ann. § 84-9-515 (2010) ("[A] filed financing statement is effective for a period of five years after the date of filing.”

Friesen v. Seacoast Capital Partners II, L.P. (In re QuVis, Inc.), 446 B.R. 490 (Bankr. D. Kan. 2011). · cites it 2× “See Kan. Stat. Ann. § 84-9-515 (2009 Supp.); Noteholder Order, p.”

Sis v. Banner Capital Bank (Bankr. D. Kan. 2024). · cites it 4× “4 (citing Kan. Stat. Ann. § 84-9-515 (a) and Kan. Stat.”

In Re SemCrude, LP, 407 B.R. 82 (Bankr. D. Del. 2009). · cites it 2× “If a deed, mineral deed, assignment of oil or gas lease, or other such writing evidencing the assignment is filed in the real estate records of the county, it will have the same effect as filing an amended financing statement under K.S.A. 84-9-515, and amendments thereto." Id.”

Speth v. Bank of Am. (In re Gannon), 461 B.R. 869 (Bankr. D. Kan. 2012). “K.S.A. 2010 Supp. 84-9-515(a). . 2 Barkley Clark and Barbara Clark, The Law of Secured Transactions under the Uniform Commercial Code, ¶ 15.”

— K.S.A. § 84-9-515(a) — 1 case

— K.S.A. § 84-9-515(e) — 1 case

Nat'l Bank of Andover, N.A. v. Aero Stand. Tooling, Inc., 49 P.3d 547 (Kan. Ct. App. 2002). “See K.S.A. 2001 Supp. 84-9-515(e). The Bank filed its financing statement which covered AST’s equipment in March 1992.”

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