(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 division (A) of section 1309.514 of the Revised Code, 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 that 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 division (B) of section 1309.514 of the Revised Code, the assignee named in the amendment is a secured party of record.
(C) A person remains a secured party of record until an amendment of the financing statement is filed that deletes the person as a secured party of record.
Effective Date: 07-01-2001
Section: Previous 1309.504 1309.505 1309.506 1309.507 1309.508 1309.509 1309.510 1309.511 1309.512 1309.513 1309.514 1309.515 1309.516 1309.517 1309.518 NextLast modified: October 10, 2016