(1) Filed record effective if authorized. A filed record is effective only to the extent that it was filed by a person that may file it under § 47-9-509.
(2) Authorization by one (1) secured party of record. A record authorized by one secured party of record does not affect the financing statement with respect to another secured party of record.
(3) Continuation statement not timely filed. A continuation statement that is not filed within the six-month period prescribed by § 47-9-515(d) is ineffective.