The Act places a limitation on the requirement that a financing statement or continuation statement contain either the maturity date of the secured obligation or specify that the obligation does not have a maturity date. This requirement is now limited to consumer transactions involving $5,000 or less, and the limitation is given limited retroactive effect. The Act also creates a broad definition of &"secured obligation.&"
Georgia State University Law Review
"COMMERCIAL CODE Financing Statement: Maturity Date,"
Georgia State University Law Review: Vol. 2
, Article 49.
Available at: http://readingroom.law.gsu.edu/gsulr/vol2/iss2/49