(a) A filed record is effective only to the extent that it was filed by a person that may file it under Section 75-9-509.
(b) A record authorized by one (1) 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 Section 75-9-515(d) is ineffective.
(d) A filed record ceases to be effective if the Secretary of State terminates the record pursuant to Section 75-9-501.1.