Florida Statute 679.508 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS

Chapter 679
UNIFORM COMMERCIAL CODE: SECURED TRANSACTIONS

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679.508 Effectiveness of financing statement if new debtor becomes bound by security agreement.—

(1) Except as otherwise provided in this section, a filed financing statement naming an original debtor is effective to perfect a security interest in collateral in which a new debtor has or acquires rights to the extent that the financing statement would have been effective had the original debtor acquired rights in the collateral.

(2) If the difference between the name of the original debtor and that of the new debtor causes a filed financing statement that is effective under subsection (1) to be seriously misleading under the standard set forth in s. 679.5061:

(a) The financing statement is effective to perfect a security interest in collateral acquired by the new debtor before, and within 4 months after, the new debtor becomes bound under s. 679.2031(4); and

(b) The financing statement is not effective to perfect a security interest in collateral acquired by the new debtor more than 4 months after the new debtor becomes bound under s. 679.2031(4) unless an initial financing statement providing the name of the new debtor is filed before the expiration of that time.

(3) This section does not apply to collateral as to which a filed financing statement remains effective against the new debtor under s. 679.5071(1).

History.—s. 6, ch. 2001-198.

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Amendments to 679.508

Annotations, Discussions, Cases:

Cases Citing Statute 679.508

Total Results: 2

In Re Summit Staffing Polk County, Inc.

305 B.R. 347, 17 Fla. L. Weekly Fed. B 74, 2003 Bankr. LEXIS 1911, 2003 WL 23273254

United States Bankruptcy Court, M.D. Florida | Filed: Oct 15, 2003 | Docket: 1081774

Cited 6 times | Published

into by Randy Vincent d/b/a/ Summit Staffing. Section 679.508, Florida Statutes, governs the effectiveness

1944 Beach Boulevard, LLC v. Live Oak Banking Company

Court of Appeals for the Eleventh Circuit | Filed: Dec 10, 2021 | Docket: 61609676

Published

number of searches to conduct, 1 Florida Statute § 679.508 governs the effectiveness of a financing statement

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