§12A-1-9-511. Secured party of record.
183 words·~1 min read·
/ok/title-12a-uniform-commercial-code/12a-1-9-511·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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 subsection
(a)of Section 1-9-514 of this title, 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 subsection
(b)of Section 1-9-514 of this title, 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. Added by Laws 2000, c. 371, § 89, eff. July 1, 2001.