1.

 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 554.9509 or by the filing office under section 554.9513A.

Terms Used In Iowa Code 554.9510

  • person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
  • Record: means the same as defined in section 554D. See Iowa Code 554E.1
 2.

 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.

 3.

 Continuation statement not timely filed.

 A continuation statement that is not filed within the six-month period prescribed by section 554.9515, subsection 4, is ineffective.