Colorado § 4-9-507 - Effect of certain events on effectiveness of financing statement.
Full text of Colorado Colorado Revised Statutes § 4-9-507 — Effect of certain events on effectiveness of financing statement., with citation guidance and answers to common questions.
§ 4-9-507. Effect of certain events on effectiveness of financing statement.
(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) of this section and section 4-9-508, 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 section 4-9-506.
(c) If the name that a filed financing statement provides for a debtor becomes insufficient as the name of the debtor under section 4-9-503 (a) so that the financing statement becomes seriously misleading under section 4-9-506:
(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 that renders the financing statement not seriously misleading is filed within four months after the filed financing statement becomes seriously misleading.
Source: L. 2001: Entire article R&RE, p. 1382, § 1, effective July 1. L. 2012: (c) amended, (HB 12-1262), ch. 170, p. 602, § 11, effective July 1, 2013.
Editor's note: This section is similar to former § 4-9-402 (7) as it existed prior to 2001.
ANNOTATION
Law reviews. For note, "Filing Under the Uniform Commercial Code Act 9", see 38 U. Colo. L. Rev. 598 (1966). For article, "Secured Transactions — Part I: Attachment, Perfection and Priorities", see 11 Colo. Law. 2939 (1982). For article, "Commercial and Corporate Law", which discusses Tenth Circuit decisions dealing with description of collateral in financing statements, see 65 Den. U. L. Rev. 469 (1988).
Annotator's note. Section 4-9-507 is similar to § 4-9-402 as it existed prior to the 2001 repeal and reenactment of this article. Relevant cases construing § 4-9-402 have been included in the annotations to § 4-9-502.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 4-9-507
What does Colorado Revised Statutes § 4-9-507 cover?
Section 4-9-507 ("Effect of certain events on effectiveness of financing statement.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 4-9-507?
A common citation format is "Colorado Revised Statutes § 4-9-507" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 4-9-507 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.