104.9507 - Effect of certain events on effectiveness of financing statement. - Nevada Statutes

104.9507  Effect of certain events on effectiveness of financing statement.

      1.  A filed financing statement remains effective with respect to collateral that is sold, exchanged, leased, licensed or otherwise disposed of and in which a security interest or agricultural lien continues, even if the secured party knows of or consents to the disposition.

      2.  Except as otherwise provided in subsection 3 and NRS 104.9508, a financing statement is not rendered ineffective if, after the financing statement is filed, the information provided in the financing statement becomes seriously misleading under NRS 104.9506.

      3.  If a debtor so changes its name that a filed financing statement becomes seriously misleading under NRS 104.9506:

      (a) The financing statement is effective to perfect a security interest in collateral acquired by the debtor before, or within 4 months after, the change; and

      (b) The financing statement is not effective to perfect a security interest in collateral acquired by the debtor more than 4 months after the change, unless an amendment to the financing statement which renders the financing statement not seriously misleading is filed within 4 months after the change.

      (Added to NRS by 1999, 331)