New Jersey § 12a:9-507
Full text of New Jersey New Jersey Statutes § 12a:9-507, with citation guidance and answers to common questions.
§ 12a:9-507.
(a) Disposition. 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) Information becoming seriously misleading. Except as otherwise provided in subsection (c) and 12A: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 12A:9-506. (c) Change in debtor's name. If the name that a filed financing statement provides for a debtor becomes insufficient as the name of the debtor under 12A:9-503(a) so that the financing statement
becomes seriously misleading under 12A: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 which renders the financing statement
not seriously misleading is filed within four months after the filed financing statement becomes seriously misleading .
Frequently Asked Questions About New Jersey § 12a:9-507
What does New Jersey Statutes § 12a:9-507 cover?
Section 12a:9-507 is part of the New Jersey Statutes, the codified statutory law of New Jersey. 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 New Jersey § 12a:9-507?
A common citation format is "New Jersey Statutes § 12a:9-507" (New Jersey). 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 New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:9-507 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey 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 New Jersey.