(1) Where a collateral is sold, exchanged, leased, licensed or otherwise disposed of, a notice filed with respect to the
collateral shall remain effective even after such disposition even if the security giver knows of or consents to such disposition.
(2) Even if a security giver changes his or her name in such a manner that a notice filed in accordance with this Act becomes seriously misleading, the notice shall remain effective to mature a security interest in collateral
acquired by the security giver before the date of such change in name or within four months after that date. The notice shall be considered to remain effective to mature a security interest in collateral acquired by the security giver after four months of the change in name only if a change in name is filed and the name is corrected within four months of the change that corrects the name.
(3) Except as provided otherwise in relation to the change in the name of security giver pursuant to Sub-section (2), a notice shall remain
effective even if, after the notice is filed, a change of circumstances renders the notice seriously misleading.