{"data":{"id":"us-mi/mich.-comp.-laws-440.9507","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 440.9507","heading":"Effect of certain events on effectiveness of financing statement.","body":"Sec. 9507.\n\n(1) 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.\n\n(2) Except as otherwise provided in subsection (3) and section 9508, 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 section 9506.\n\n(3) If the name that a filed financing statement provides for a debtor becomes insufficient as the name of the debtor under section 9503(1) so that the financing statement becomes seriously misleading under section 9506, both of the following apply:\n\n(a) The 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.\n\n(b) The 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 that renders the financing statement not seriously misleading is filed within 4 months after the financing statement became seriously misleading.","path":["MI Code","Chapter 440","Act Act-174-of-1962"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-440-9507","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"fcb892b2f50850718a30129f975403c9008d5286efce5e9bfb5dbd088c59a539","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-440.9506","next":"us-mi/mich.-comp.-laws-440.9508"},"notice":"GroundRules: Original legal text. Not legal advice."}