HELD BY THE CONSIGNOR, LESSOR, BAILOR, OWNER OR BUYER WHICH ATTACHES TO
THE COLLATERAL IS PERFECTED BY THE FILING OR COMPLIANCE.

9-506. FILING AND COMPLIANCE WITH OTHER STATUTES AND TREATIES FOR
CONSIGNMENTS, LEASES, OTHER BAILMENTS, AND OTHER TRANSACTIONS.

(A) A FINANCING STATEMENT SUBSTANTIALLY SATISFYING THE
REQUIREMENTS OF THIS SUBTITLE IS EFFECTIVE, EVEN IF IT HAS MINOR ERRORS OR
OMISSIONS, UNLESS THE ERRORS OR OMISSIONS MAKE THE FINANCING STATEMENT
SERIOUSLY MISLEADING.

(B) EXCEPT AS OTHERWISE PROVIDED IN SUBSECTION (C), A FINANCING
STATEMENT THAT FAILS SUFFICIENTLY TO PROVIDE THE NAME OF THE DEBTOR IN
ACCORDANCE WITH § 9-503(A) IS SERIOUSLY MISLEADING.

(C) IF A SEARCH OF THE RECORDS OF THE FILING OFFICE UNDER THE
DEBTOR'S CORRECT NAME, USING THE FILING OFFICE'S STANDARD SEARCH LOGIC,
IF ANY, WOULD DISCLOSE A FINANCING STATEMENT THAT FAILS SUFFICIENTLY TO
PROVIDE THE NAME OF THE DEBTOR IN ACCORDANCE WITH § 9-503(A), THE NAME
PROVIDED DOES NOT MAKE THE FINANCING STATEMENT SERIOUSLY MISLEADING.

(D) FOR PURPOSES OF § 9-508(B), THE "DEBTOR'S CORRECT NAME" IN
SUBSECTION (C) MEANS THE CORRECT NAME OF THE NEW DEBTOR

9-507. EFFECT OF CERTAIN EVENTS ON EFFECTIVENESS OF FINANCING
STATEMENT.

(A) 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.

(B) EXCEPT AS OTHERWISE PROVIDED IN SUBSECTION (C) AND § 9-508, 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 § 9-506.

(C) IF A DEBTOR SO CHANGES ITS NAME THAT A FILED FINANCING
STATEMENT BECOMES SERIOUSLY MISLEADING UNDER § 9-506:

(1) THE FINANCING STATEMENT IS EFFECTIVE TO PERFECT A SECURITY
INTEREST IN COLLATERAL ACQUIRED BY THE DEBTOR BEFORE, OR WITHIN FOUR
MONTHS AFTER, THE CHANGE; AND

(2) THE FINANCING STATEMENT IS NOT EFFECTIVE TO PERFECT A
SECURITY INTEREST IN COLLATERAL ACQUIRED BY THE DEBTOR MORE THAN FOUR
MONTHS AFTER THE CHANGE, UNLESS AN AMENDMENT TO THE FINANCING
STATEMENT WHICH RENDERS THE FINANCING STATEMENT NOT SERIOUSLY
MISLEADING IS FILED WITHIN FOUR MONTHS AFTER THE CHANGE.