Alabama Statutes

§ 7-9A-510 — Effectiveness of Filed Record

Alabama·Title 7 Commercial Code·Art. 9A Secured Transactions·Div. 1 Filing; Contents and Effectiveness of Financing Statement·Part 5 Filing
(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 Section 7-9A-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 Section 7-9A-515(d) is ineffective.

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Legislative History

(Act 2001-481, p. 647, §1.)

Nearby Sections

15
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