(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
Section 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 Section
9--515(d) is ineffective.
Structure New York Laws
Article 9 - Secured Transactions
Sub Part 1 - Filing Office; Contents and Effectiveness of Financing Statement
9-503 - Name of Debtor and Secured Party.
9-504 - Indication of Collateral
9-506 - Effect of Errors or Omissions
9-507 - Effect of Certain Events on Effectiveness of Financing Statement
9-508 - Effectiveness of Financing Statement if New Debtor Becomes Bound by Security Agreement
9-509 - Persons Entitled to File a Record
9-510 - Effectiveness of Filed Record
9-511 - Secured Party of Record
9-512 - Amendment of Financing Statement
9-514 - Assignment of Powers of Secured Party of Record
9-515 - Duration and Effectiveness of Financing Statement; Effect of Lapsed Financing Statement
9-516 - What Constitutes Filing; Effectiveness of Filing
9-517 - Effect of Indexing Errors
9-518 - Claim Concerning Inaccurate or Wrongfully Filed Record