30-9-530. (Effective July 1, 2001) Effectiveness of filed record. (1) A filed record is effective only to the extent that it was filed by a person that may file it under 30-9-529.
     (2) A record authorized by one secured party of record does not affect the financing statement with respect to another secured party of record.
     (3) A continuation statement that is not filed within the 6-month period prescribed by 30-9-535(4) is ineffective.

     History: En. Sec. 80, Ch. 305, L. 1999.