General Laws of Massachusetts (Last Updated: January 16, 2020) |
PART I ADMINISTRATION OF THE GOVERNMENT |
TITLE XV. REGULATION OF TRADE |
CHAPTER 106. UNIFORM COMMERCIAL CODE |
ARTICLE 9. SECURED TRANSACTIONS |
SECTION 9-510. Effectiveness of Filed Record
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(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 Section 9-509.
(b) Authorization by 1 secured party of record. A record authorized by 1 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 6-month period prescribed by Section 9-515(d) is ineffective.