(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 § 8.9A-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 § 8.9A-515 (d) is ineffective.
2000, c. 1007.
Structure Code of Virginia
Title 8.9A - Commercial Code - Secured Transactions
Part 1 - Filing Office, Contents and Effectiveness of Financing Statement
§ 8.9A-503. Name of debtor and secured party
§ 8.9A-504. Indication of collateral
§ 8.9A-506. Effect of errors or omissions
§ 8.9A-507. Effect of certain events on effectiveness of financing statement
§ 8.9A-508. Effectiveness of financing statement if new debtor becomes bound by security agreement
§ 8.9A-509. Persons entitled to file a record
§ 8.9A-510. Effectiveness of filed record
§ 8.9A-511. Secured party of record
§ 8.9A-512. Amendment of financing statement
§ 8.9A-513. Termination statement
§ 8.9A-514. Assignment of powers of secured party of record
§ 8.9A-515. Duration and effectiveness of financing statement; effect of lapsed financing statement
§ 8.9A-516. What constitutes filing; effectiveness of filing
§ 8.9A-517. Effect of indexing errors
§ 8.9A-518. Claim concerning inaccurate or wrongfully filed record