{"data":{"id":"us-dc/d.c.-code-28-9-507","jurisdiction":"us-dc","citation":"D.C. Code § 28:9-507","heading":"Effect of certain events on effectiveness of financing statement.","body":"(a)\nA 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.\n\n(b)\nExcept as otherwise provided in subsection (c) of this section and § 28:9-508, 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 § 28:9-506.\n\n(c)\nIf the name that a filed financing statement provides for a debtor becomes insufficient as the name of the debtor under § 28:9-503(a) so that the financing statement becomes seriously misleading under § 28:9-506:\n(1)\nThe financing statement is effective to perfect a security interest in collateral acquired by the debtor before, or within 4 months after, the filed financing statement becomes seriously misleading; and\n(2)\nThe financing statement is not effective to perfect a security interest in collateral acquired by the debtor more than 4 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 4 months after the financing statement became seriously misleading.","path":["Title 28. Commercial Instruments and Transactions. [Enacted title]","Subtitle I. Uniform Commercial Code.","Article 9. Secured Transactions.","Part V. Filing.","Subpart 1. Filing Office; Contents and Effectiveness of Financing Statement."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/28:9-507","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"82d1a64afcf0e5f96bec1aea4b2fa6d34a9abb0e9e8f1afe846659c4f2dd4900","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-28-9-506","next":"us-dc/d.c.-code-28-9-508"},"notice":"GroundRules: Original legal text. Not legal advice."}