9A V.S.A. § 9—510: Effectiveness of filed record

(a) A filed record is effective only to the extent that it was filed by a person that may file it under section 9—509 of this title.

(b) A record authorized by one secured party of record does not affect the financing statement with respect to another secured party of record.

(c) A continuation statement that is not filed within the six-month period prescribed by subsection 9—515(d) of this title is ineffective.