§ 34.1-9-507 — Effect of certain events on effectiveness of financing statement

(a) A filed financing statement remains effective with
respect to collateral that is sold, exchanged, leased, licensed
or otherwise disposed of and in which a security interest or
agricultural lien continues, even if the secured party knows of
or consents to the disposition.
(b) Except as otherwise provided in subsection (c) and
section 34.1-9-508, a financing statement is not rendered
ineffective if, after the financing statement is filed, the
information provided in the financing statement becomes
seriously misleading under section 34.1-9-506.
(c) If the name that a filed financing statement provides
for a debtor becomes insufficient as the name of the debtor
under W.S. 34.1-9-503(a) so that the financing statement becomes
seriously misleading under section 34.1-9-506:
(i) The financing statement is effective to perfect a
security interest in collateral acquired by the debtor before,
or within four (4) months after, the filed financing statement
becomes seriously misleading; and
(ii) The financing statement is not effective to
perfect a security interest in collateral acquired by the debtor
more than four (4) months after the filed financing statement
becomes seriously misleading, unless an amendment to the
financing statement which renders the financing statement not
seriously misleading is filed within four (4) months after the
filed financing statement becomes seriously misleading.