(a)  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 La. Rev. Stat. 10:9-509.

(b)  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.

(c)  Continuation statement not timely filed.  A continuation statement that is not filed within the six-month period prescribed by La. Rev. Stat. 10:9-515(d) is ineffective.

Acts 2001, No. 128, §1, eff. July 1, 2001.