4-9-511. Secured party of record.
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/co/title-4-uniform-commercial-code/article-9-secured-transactions/4-9-511·A 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 section 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 section 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.