Code · New Jersey · Title 12A — Commercial Transactions · Chapter 9

12A:9-510 Effectiveness of filed record.

93 words·~1 min read·/nj/title-12a/chapter-9/12a-9-510

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effectiveness of Filed Record.

(a)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 12A:9-509.

(b)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.

(c)Continuation statement not timely filed. A continuation statement that is not filed within the six-month period prescribed by 12A:9-515

(d)is ineffective.

L.2001, c.117, s.1; amended 2001, c.386, s.75.