SECTION 72

Inorder to enablethe designated Register of Commerce and Securitiesto implement the provisions of article 70 above, each Register of Commerce and Securities shall have a period of one year to transfer all files related to security interests and leasing agreements entered in its registries including registration, amendment, renewal and removal dates to the designated Register of Commerce and Securities. Notwithstanding the foregoing, in the event of amendment, renewal and removal of an entry, upon receipt of the related application,theclerkorthe competent body in the State party overseeingthe designatedRegisterof Commerce and Securities shall request immediate transmission of the file in question to the registry or the competent body in the State party overseeing the Register of Commerce and Securities who received the initial entry. It should be an urgent transmission, to be completedin any event within one month from the receipt of theapplication. Individuals referred to in article 51 of the Uniform Act on securities interestsmay seize the competent court or body in the Stateparty which shall rule expeditiously to have the concerned clerk or person overseeing the Register of Commerce and Securities transfer the file in case the file is not transferred within the prescribed deadlines above. The clerk or the person in charge of the competent body in the State party overseeing the designated Register of Commerce and Securities shall,upon receipt of the application concerned, register in the chronological register of filings and in the alphabetical directory of data. Registration, renewal, amendment, or removal dates shall, inter alia, be enteredin the chronological register of filings and in the alphabetical directory while specifying that it is a deferred registration, renewal, modificationorremoval fromafiletransferred with entries from the original Register of Commerce and Securities. Thecreditorholder of a security interest,the securities agentorthelessor may seize the competent court or body in the Stateparty, which shall rule expeditiously, to have the concerned clerk or person in charge of the competent body make the necessary entryif there is failure to register in the chronological registry of filings and the alphabetical directory data included in the file transferred to the Register of Commerce and Securities within 48 hours from the receipt of the file at issue.