12A:9-510. 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.