{"data":{"id":"us-mt/30-9a-507","jurisdiction":"us-mt","citation":"30-9A-507","heading":"Effect of certain events on effectiveness of financing statement.","body":"(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(2) Except as otherwise provided in 30-9A-508 and subsection (3) of this section, 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 the standard set forth in 30-9A-506.\n(3) If the name that a filed financing statement provides for a debtor becomes insufficient as the name of the debtor under 30-9A-503(1) so that the financing statement becomes seriously misleading under the standard set forth in 30-9A-506:\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; and\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":["TITLE 30. TRADE AND COMMERCE","CHAPTER 9A. UNIFORM COMMERCIAL CODE SECURED TRANSACTIONS","Part 5. Filing"],"source_url":"https://mca.legmt.gov/bills/mca/title_0300/chapter_009A/part_0050/section_0070/0300-009A-0050-0070.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:51:15Z","sha256":"826d414b5e218f42d0934574e18b02c0b204145ab59a2f6c0e4719c0678a9aba","source_id":"us-mt","stale":false,"prev":"us-mt/30-9a-506","next":"us-mt/30-9a-508"},"notice":"GroundRules: Original legal text. Not legal advice."}