Section 18: Duration of a Registered Financing Statement

(1) The registered Financing Statement shall be valid until-
(a) the expiration of the term specified in the Financing Statement;
(b) its cancellation, whichever comes first.
(2) Duration of a registered Financing Statement may be renewed or extended by an amendment of the Financing Statement before its expiration.
(3) No information shall be deleted from the Registry, whether or not an Amendment Financing Statement canceling the registered Financing Statement has been registered.
(4) An expired registered Financing Statement shall be maintained in the Registry and searchable by the public for 6 months following its expiration after which it shall be kept in the archive.
(5) A cancelled or expired registered Financing Statement shall be identified as such in a search.