Duration of security interest in favor of corporations which dissolve or become inactive.

§ 20-58.5. Duration of security interest in favor of corporations which dissolve or become inactive. Any security interest recorded in favor of a corporation which, since the recording of such security interest, has dissolved or become inactive for any reason, and which remains of record as a security interest of such corporation for a period of more than three years from the date of such dissolution or becoming inactive, shall become null and void and of no further force and effect.