§ 4-9-510 — Effectiveness of filed record

(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.

Legislative History

Source: L. 2001: Entire article R&RE, p. 1383, � 1, effective July 1.