47-9507. Effect of certain events on
effectiveness of financing statement
A. 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.
B. Except as otherwise provided in subsection C of this section and section
47-9508, 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 47-9506.
C. If a debtor so changes its name that a filed financing statement becomes
seriously misleading under section 47-9506:
1. The financing statement is effective to perfect a security interest in
collateral acquired by the debtor before, or within four months after, the change; and
2. The financing statement is not effective to perfect a security interest in
collateral acquired by the debtor more than four months after the change, unless an
amendment to the financing statement that renders the financing statement not seriously
misleading is filed within four months after the change.
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