(1) A filed record is effective only to the extent that it was filed by a person who may file it under s. 679.509.

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   (2) A record authorized by one secured party of record does not affect the financing statement with respect to another secured party of record.

   (3) A continuation statement that is not filed within the 6-month period prescribed by s. 679.515(4) is ineffective.

s. 6, ch. 2001-198; s. 9, ch. 2002-242.