47-9508. Effectiveness of financing statement
if new debtor becomes bound by security agreement
A. Except as otherwise provided in this section, a filed financing statement naming
an original debtor is effective to perfect a security interest in collateral in which a
new debtor has or acquires rights to the extent that the financing statement would have
been effective had the original debtor acquired rights in the collateral.
B. If the difference between the name of the original debtor and that of the new
debtor causes a filed financing statement that is effective under subsection A of this
section to be seriously misleading under section 47-9506:
1. The financing statement is effective to perfect a security interest in
collateral acquired by the new debtor before, and within four months after, the new
debtor becomes bound under section 47-9203, subsection D; and
2. The financing statement is not effective to perfect a security interest in
collateral acquired by the new debtor more than four months after the new debtor becomes
bound under section 47-9203, subsection D unless an initial financing statement providing
the name of the new debtor is filed before the expiration of that time.
C. This section does not apply to collateral as to which a filed financing
statement remains effective against the new debtor under section 47-9507, subsection A.
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