(810 ILCS 5/9-510)
Effectiveness of filed record.
(a) 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 Section
(b) Authorization by one secured party of record. A record
authorized by one secured party of record does not affect the financing
with respect to another secured party of record.
(c) Continuation statement not timely filed. A continuation
statement that is not filed within the six-month period prescribed by Section
9-515(d) is ineffective.
(d) A filed record ceases to be effective if the filing office terminates the record pursuant to Section 9-501.1.
(Source: P.A. 97-836, eff. 7-20-12.)