Effectiveness of filed record

Wis. Stat. § 409.510, under UNIFORM COMMERCIAL CODE — SECURED TRANSACTIONS.

Wis. Stat. § 409.510

409.510 Effectiveness of filed record. (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 s. 409.509. (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 6-month period prescribed by s. 409.515 (4) is ineffective. History: 2001 a. 10.