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Session Laws, 1963
Volume 671, Page 940   View pdf image (33K)
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942                             LAWS OF MARYLAND                      [CH. 538

9405. Assignment of Security Interest; Duties of Filing Officer;
Fees.

(1)  A financing statement may disclose an assignment of a se-
curity interest in the collateral described in the statement by indi-
cation in the statement of the name and address of the assignee
or by an assignment itself or a copy thereof on the face or back of
the statement. Either the original secured party or the assignee
may sign this statement as the secured party. On presentation to
the filing officer of such a financing statement the filing officer shall

mark the same as provided in Section 9403 (4). The uniform fee

for filing, indexing and furnishing filing data for a financing state-
ment so indicating an assignment shall be three dollars ($3.00).
MARK, RECEIPT FOR, INDEX, RECORD AND DELIVER OR
MAIL THE SAME AS PROVIDED IN SECTION 9-403(4). THE
UNIFORM FEE FOR THE FILING, INDEXING, FURNISHING
A RECEIPT FOR SUCH FILING AND RECORDING WITH RE-
SPECT TO SUCH A FINANCING STATEMENT SHALL BE THE
AMOUNT SPECIFIED IN ARTICLE 36, SECTION 12(A)(17),
1962 SUPPL., ANNOTATED CODE OF MARYLAND, AS SAME
MAY BE AMENDED FROM TIME TO TIME.

(2)  A secured party may assign of record all or a part of his
rights under a financing statement by the filing of a separate written
statement of assignment signed by the secured party of record and
setting forth the name of the secured party of record and the debtor,
the file number and the date of filing of the financing statement and
THE IDENTIFYING FILE NUMBER, THE RECORD REFER-
ENCE AND THE DATE OF FILING OF THE FINANCING
STATEMENT AND the name and address of the assignee and con-
taining a description of the collateral assigned. A copy of the assign-
ment is sufficient as a separate statement if it complies with the
preceding sentence. On presentation to the filing officer of such a
separate statement, the filing officer shall mark such separate state-

ment with the date and hour of the filing. He shall note the assign-

ment on the index of the financing statement. The uniform fee for

filing, indexing and furnishing filing data about such a separate

statement of assignment shall be two dollars ($2.00).

PRESENTATION TO THE FILING OFFICER OF SUCH A SEPA-
RATE STATEMENT OF ASSIGNMENT, HE SHALL MARK IT
WITH AN IDENTIFYING FILE NUMBER AND WITH THE
DATE AND HOUR OF FILING AND GIVE A RECEIPT THERE-
FOR AND SHALL RECORD SAME IN EITHER THE FINANC-
ING RECORDS OR THE LAND RECORDS, AS THE CASE MAY
BE, WHERE THE ORIGINAL FINANCING OR CONTINUATION
STATEMENT IS RECORDED. IN ADDITION HE SHALL NOTE
THE STATEMENT OF ASSIGNMENT AND ITS RECORD REF-
ERENCE ON THE INDEX OF THE FINANCING OR CONTINUA-
TION STATEMENT BEING ASSIGNED. AFTER RECORDING
SUCH ASSIGNMENT THE ORIGINAL SHALL BE DELIVERED
OR MAILED TO THE ASSIGNEE OR HIS AGENT WHOSE
NAME AND ADDRESS FOR PURPOSES OF DELIVERY SHALL
BE INDICATED ON THE STATEMENT OF ASSIGNMENT. THE
UNIFORM FEE FOR THE FILING, NOTING IN THE INDEX
OF THE FINANCING OR CONTINUATION STATEMENT THE
FACT OF SUCH ASSIGNMENT AND ITS RECORD REFER-
ENCE, FURNISHING A RECEIPT FOR SUCH FILING AND RE-

 

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Session Laws, 1963
Volume 671, Page 940   View pdf image (33K)
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