(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 § 4-9-514(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 § 4-9-514(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.
Section: Previous 4-9-504 4-9-505 4-9-506 4-9-507 4-9-508 4-9-509 4-9-510 4-9-511 4-9-512 4-9-513 4-9-514 4-9-515 4-9-516 4-9-517 4-9-518 NextLast modified: November 15, 2016