Maryland Code § CL-9-507

Section CL-9-507
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(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 the name that a filed financing statement provides for a debtor
becomes insufficient as the name of the debtor under § 9-503(a) so that the 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 filed
financing statement becomes seriously misleading; 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 filed
financing statement becomes seriously misleading, unless an amendment to the
financing statement which renders the financing statement not seriously misleading
is filed within four months after the financing statement became seriously
misleading.

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