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.
Except as otherwise provided in subsection (c) and Section 75-9-508, 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 75-9-506.
If the name that a filed financing statement provides for a debtor becomes insufficient as the name of the debtor under Section 75-9-503(a) so that the financing statement becomes seriously misleading under Section 75-9-506:
Structure Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 9 - Uniform Commercial Code-Secured Transactions
Subpart 1 - Filing Office; Contents and Effectiveness of Financing Statement
§ 75-9-503. Name of debtor and secured party
§ 75-9-504. Indication of collateral
§ 75-9-506. Effect of errors or omissions
§ 75-9-507. Effect of certain events on effectiveness of financing statement
§ 75-9-508. Effectiveness of financing statement if new debtor becomes bound by security agreement
§ 75-9-509. Persons entitled to file a record
§ 75-9-510. Effectiveness of filed record
§ 75-9-511. Secured party of record
§ 75-9-512. Amendment of financing statement
§ 75-9-513. Termination statement
§ 75-9-514. Assignment of powers of secured party of record
§ 75-9-515. Duration and effectiveness of financing statement; effect of lapsed financing statement
§ 75-9-516. What constitutes filing; effectiveness of filing
§ 75-9-517. Effect of indexing errors
§ 75-9-518. Claim concerning inaccurate or wrongfully filed record