§490:9-511 Secured party of record. (a) A secured party of record with respect to a financing statement is a person whose name is provided as the name of the secured party or a representative of the secured party in an initial financing statement that has been filed. If an initial financing statement is filed under section 490:9-514(a), the assignee named in the initial financing statement is the secured party of record with respect to the financing statement.
(b) If an amendment of a financing statement which provides the name of a person as a secured party or a representative of a secured party is filed, the person named in the amendment is a secured party of record. If an amendment is filed under section 490:9-514(b), the assignee named in the amendment is a secured party of record.
(c) A person remains a secured party of record until the filing of an amendment of the financing statement which deletes the person. [L 2000, c 241, pt of §1]
Section: Previous 490-9-504 490-9-505 490-9-506 490-9-507 490-9-508 490-9-509 490-9-510 490-9-511 490-9-512 490-9-513 490-9-514 490-9-515 490-9-516 490-9-517 490-9-518 NextLast modified: October 27, 2016