4-9-510. Effectiveness of filed record.
199 words·~1 min read·
/co/title-4-uniform-commercial-code/article-9-secured-transactions/4-9-510·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)A filed record is effective only to the extent that it was filed by a person that may file it under section 4-9-509.
(b)A record authorized by one secured party of record does not affect the financing statement with respect to another secured party of record.
(c)Subject to section 4-9-528 and subsection
(d)of this section, a continuation statement that is not filed within the six-month period prescribed by section 4-9-515
(d)is ineffective.
(d)Any continuation statement filed on or after July 1, 1996, and before January 1, 1998, including one that was perfected by filing with both the offices of the secretary of state and a county clerk and recorder, continues the perfection in all of the collateral listed on the filing. With respect to continuation statements filed on or after July 1, 1996, and before January 1, 1998, the filing of a single continuation statement shall maintain the effectiveness of financing statements that name identical collateral but have been filed in multiple locations.
(e)No continuation statement filed on or after July 1, 1995, shall be ineffective solely because it failed to include a statement that the original financing statement is still effective.