30-9-527. (Effective July 1, 2001) Effect of certain events on effectiveness of financing statement. (1) 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.
     (2) Except as otherwise provided in 30-9-528 and subsection (3) of this section, 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 the standard set forth in 30-9-526.
     (3) If a debtor so changes its name that a filed financing statement becomes seriously misleading under the standard set forth in 30-9-526:
     (a) the financing statement is effective to perfect a security interest in collateral acquired by the debtor before or within 4 months after the change; and
     (b) the financing statement is not effective to perfect a security interest in collateral acquired by the debtor more than 4 months after the change, unless an amendment to the financing statement that renders the financing statement not seriously misleading is filed within 4 months after the change.

     History: En. Sec. 77, Ch. 305, L. 1999.