2010 Pennsylvania Code
Title 13 - COMMERCIAL CODE
Chapter 95 - Filing
9507 - Effect of certain events on effectiveness of financing statement.

     § 9507.  Effect of certain events on effectiveness of financing
                statement.
        (a)  Disposition.--A filed financing statement remains
     effective with respect to collateral which 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)  Information becoming seriously misleading.--Except as
     otherwise provided in subsection (c) and section 9508 (relating
     to effectiveness of financing statement if new debtor becomes
     bound by security agreement), 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 section 9506 (relating to effect of
     errors or omissions).
        (c)  Change in debtor's name.--If a debtor so changes its
     name that a filed financing statement becomes seriously
     misleading under section 9506:
            (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.

        Cross References.  Section 9507 is referred to in section
     9508 of this title.