(a) A filed record is effective only to the extent that it was filed by a person that may file it under Section 55-9-509 N.M. Stat. Ann..

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(b) A record authorized by one secured party of record does not affect the financing statement with respect to another secured party of record.

(c) A continuation statement that is not filed within the six-month period prescribed by Subsection (d) of Section 55-9-515 N.M. Stat. Ann. is ineffective.