§ 9511
161 words·~1 min read·
/ca/commercial-code/9511A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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 subdivision
(a)of Section 9514, 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 subdivision
(b)of Section 9514, 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.