MARVIN MANDEL, Governor

1025

9-405.

(1)    A financing statement may disclose an
assignment of a security interest in the collateral
described in the statement by indication 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,
receipt for, index, record and deliver or mail the same
as provided in § 9—403(4). The uniform fee for the
filing, indexing, furnishing a receipt for such filing
and recording with respect to such a financing statement
shall be the amount [specified in § 7-202(b)(10)]
DETERMINED UNDER § 7-202 of the Courts Article [of the
Code, 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 identifying file number, the record reference and the
date of filing of the financing statement and the name
and address of the assignee and containing a description
of the collateral assigned. A copy of the assignment is
sufficient as a separate statement if it complies with
the preceding sentence. On presentation to the filing
officer of such a separate statement of assignment, he
shall mark it with an identifying file number and with
the date and hour of filing and give a receipt therefor
and shall record same in either the financing 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 reference on the index of the financing or
continuation 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 reference,
furnishing a receipt for such filing and recording the
assignment in either the financing records or the land
records, as the case may be, shall be the amount
[specified in § 7-202(b) (10)] DETERMINED UNDER § 7-202 of
the Courts Article [of the Code].

9-406.

A secured party of record may by his signed
statement release all or a part of any collateral
described in a filed financing statement. The statement
of release is sufficient if it contains a description of
the collateral being released, the name and address of