2914

LAWS OF MARYLAND

Ch. 824

OR A FILING COVERING TIMBER TO BE CUT, OR COVERING MINERALS
OR THE LIKE HE SHALL INDEX THE ASSIGNMENT UNDER THE NAME OF
THE ASSIGNOR AS GRANTOR AND, TO THE EXTENT THAT THE LAW OF
THIS STATE PROVIDES FOR INDEXING THE ASSIGNMENT OF A
MORTGAGE UNDER THE NAME OF THE ASSIGNEE. 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 determined under § 7-202 of
the Courts Article.

(3) After the disclosure or filing of an assignment
under this section, the assignee is the secured party of
record.

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 the debtor, the name and
address of the secured party, and the file number, the
record reference and the date of filing of the financing
statement. A STATEMENT OF RELEASE SIGNED BY A PERSON OTHER
THAN THE SECURED PARTY OF RECORD MUST BE ACCOMPANIED BY A
SEPARATE WRITTEN STATEMENT OF ASSIGNMENT SIGNED BY THE
SECURED PARTY OF RECORD AND COMPLYING WITH SUBSECTION (2) OF
§ 9-405, INCLUDING PAYMENT OF THE REQUIRED FEE. Upon
presentation of such a statement to the filing officer he
shall mark the statement with the hour and date of filing
and shall note the same with its record reference upon the
margin of the index of the filing of the financing
statement. The uniform fee for the filing, noting in the
index of the financing or continuation statement to which
such release refers the fact thereof and its record
reference, furnishing a receipt for such filing and
recording such a statement of release shall be the amount
determined under § 7-202 of the Courts Article.

9-408.

A CONSIGNOR OR LESSOR OF GOODS MAY FILE A FINANCING
STATEMENT USING THE TERMS "CONSIGNOR", "CONSIGNEE",
"LESSOR", "LESSEE", OR THE LIKE INSTEAD OF THE TERMS
SPECIFIED IN § 9-402. THE PROVISIONS OF THIS SUBTITLE SHALL
APPLY AS APPROPRIATE TO SUCH A FINANCING STATEMENT BUT ITS
FILING SHALL NOT OF ITSELF BE A FACTOR IN DETERMINING
WHETHER OR NOT THE CONSIGNMENT OR LEASE IS INTENDED AS
SECURITY (§ 1-201(37)). HOWEVER, IF IT IS DETERMINED FOR
OTHER REASONS THAT THE CONSIGNMENT OR LEASE IS SO INTENDED,
A SECURITY INTEREST OF THE CONSIGNOR OR LESSOR WHICH