554.9510 Effectiveness of filed record.
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/ia/chapter-554-uniform-commercial-code/554-9510A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
1. Filed record effective if authorized. A filed record is effective only to the extent that it was filed by a person that may file it under section 554.9509 or by the filing office under section 554.9513A.
2. Authorization by one secured party of record. A record authorized by one secured party of record does not affect the financing statement with respect to another secured party of record.
3. Continuation statement not timely filed. A continuation statement that is not filed within the six-month period prescribed by section 554.9515, subsection 4, is ineffective.
Referred to in §554.9513, 554.9515