35-1-219. Effective time and date of document. (1) Except as provided in 35-1-221 and subsection (2) of this section, a document accepted for filing is effective:
     (a) at the time of filing on the date it is filed, as evidenced by the secretary of state's date and time endorsement on the original document; or
     (b) at the time specified in the document as its effective time on the date it is filed.
     (2) A document may specify a delayed effective time and date, and if it does so the document becomes effective at the time and date specified. If a delayed effective date but no time is specified, the document is effective at the close of business on that date. A delayed effective date for a document may not be later than 90 days after the date it is filed.

     History: En. Sec. 9, Ch. 368, L. 1991.