2010 Pennsylvania Code
Title 13 - COMMERCIAL CODE
Chapter 95 - Filing
9508 - Effectiveness of financing statement if new debtor becomes bound by security agreement.

     § 9508.  Effectiveness of financing statement if new debtor
                becomes bound by security agreement.
        (a)  Financing statement naming original debtor.--Except as
     otherwise provided in this section, a filed financing statement
     naming an original debtor is effective to perfect a security
     interest in collateral in which a new debtor has or acquires
     rights to the extent that the financing statement would have
     been effective had the original debtor acquired rights in the
     collateral.
        (b)  Financing statement becoming seriously misleading.--If
     the difference between the name of the original debtor and that
     of the new debtor causes a filed financing statement which is
     effective under subsection (a) to be seriously misleading under
     section 9506 (relating to effect of errors or omissions):
            (1)  the financing statement is effective to perfect a
        security interest in collateral acquired by the new debtor
        before and within four months after the new debtor becomes
        bound under section 9203(d) (relating to when person becomes
        bound by another person's security agreement); and
            (2)  the financing statement is not effective to perfect
        a security interest in collateral acquired by the new debtor
        more than four months after the new debtor becomes bound
        under section 9203(d) unless an initial financing statement
        providing the name of the new debtor is filed before the
        expiration of that time.
        (c)  When section not applicable.--This section does not
     apply to collateral as to which a filed financing statement
     remains effective against the new debtor under section 9507(a)
     (relating to disposition).

        Cross References.  Section 9508 is referred to in sections
     9326, 9506, 9507 of this title.