Sec. 9510.
(1) A filed record is effective only to the extent that it was filed by a person that may file it under section 9509.
(2) A record authorized by 1 secured party of record does not affect the financing statement with respect to another secured party of record.
(3) A continuation statement that is not filed within the 6-month period prescribed by section 9515(4) is ineffective.
History: Add. 2000, Act 348, Eff. July 1, 2001
Structure Michigan Compiled Laws
Chapter 440 - Uniform Commercial Code
Act 174 of 1962 - Uniform Commercial Code (440.1101 - 440.11102)
Article 9 - Secured Transactions (440.9101...440.9994)
174-1962-9-5 - Part 5 Filing (440.9501...440.9527)
Section 440.9501 - Filing Office.
Section 440.9503 - Name of Debtor and Secured Party; "Name of the Settlor or Testator" Defined.
Section 440.9504 - Indication of Collateral.
Section 440.9506 - Effect of Errors or Omissions.
Section 440.9507 - Effect of Certain Events on Effectiveness of Financing Statement.
Section 440.9509 - Persons Entitled to File a Record.
Section 440.9510 - Effectiveness of Filing Record.
Section 440.9511 - Secured Party of Record.
Section 440.9512 - Amendment of Financing Statement.
Section 440.9513 - Termination Statement.
Section 440.9514 - Assignment of Powers of Secured Party of Record.
Section 440.9517 - Effect of Indexing Errors.
Section 440.9518 - Information Statement Concerning Inaccurate or Wrongfully Filed Record.