§ 9-505. 9-505
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/us/ucc/a9/s9-505A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)[Use of terms other than "debtor" and "secured party."] A consignor , lessor, or other bailor of goods , a licensor, or a buyer of a payment intangible or promissory note may file a financing statement , or may comply with a statute or treaty described in Section 9-311(a) , using the terms "consignor", " consignee ", "lessor", "lessee", "bailor", "bailee", "licensor", "licensee", "owner", "registered owner", "buyer", "seller", or words of similar import, instead of the terms " secured party " and " debtor ".
(b)[Effect of financing statement under subsection (a).] This part applies to the filing of a financing statement under subsection
(a)and, as appropriate, to compliance that is equivalent to filing a financing statement under Section 9-311(b) , but the filing or compliance is not of itself a factor in determining whether the collateral secures an obligation. If it is determined for another reason that the collateral secures an obligation, a security interest held by the consignor , lessor, bailor, licensor, owner, or buyer which attaches to the collateral is perfected by the filing or compliance.
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§ 9-505
9-505
Fed. Reg.×2
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