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Session Laws, 1999
Volume 796, Page 2107   View pdf image
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(1) THE SECURED PARTY OF RECORD AUTHORIZES THE FILING; OR

(2) THE AMENDMENT IS A TERMINATION STATEMENT FOR A FINANCING
STATEMENT AS TO WHICH THE SECURED PARTY OF RECORD HAS FAILED TO FILE OR
SEND A TERMINATION STATEMENT AS REQUIRED BY § 9-513, THE DEBTOR
AUTHORIZES THE FILING, AND THE TERMINATION STATEMENT INDICATES THAT
THE DEBTOR AUTHORIZED IT TO BE FILED.

(D) IF THERE IS MORE THAN ONE SECURED PARTY OF RECORD FOR A
FINANCING STATEMENT, EACH SECURED PARTY OF RECORD MAY AUTHORIZE THE
FILING OF AN AMENDMENT UNDER SUBSECTION (C).

9-510. EFFECTIVENESS OF FILED RECORD.

(A) A FILED RECORD IS EFFECTIVE ONLY TO THE EXTENT THAT IT WAS FILED
BY A PERSON THAT MAY FILE IT UNDER § 9-509.

(B) A RECORD AUTHORIZED BY ONE SECURED PARTY OF RECORD DOES NOT
AFFECT THE FINANCING STATEMENT WITH RESPECT TO ANOTHER SECURED PARTY
OF RECORD.

(C) A CONTINUATION STATEMENT THAT IS NOT FILED WITHIN THE
SIX-MONTH PERIOD PRESCRIBED BY § 9-515(D) IS INEFFECTIVE.

9-511. 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 § 9-514(A), 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 § 9-514(B), 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.

9-512. AMENDMENT OF FINANCING STATEMENT.

(A) SUBJECT TO § 9-509, A PERSON MAY ADD OR DELETE COLLATERAL
COVERED BY, CONTINUE OR TERMINATE THE EFFECTIVENESS OF, OR, SUBJECT TO
SUBSECTION (E), OTHERWISE AMEND THE INFORMATION PROVIDED IN, A
FINANCING STATEMENT BY FILING AN AMENDMENT THAT:

(1) IDENTIFIES, BY ITS FILE NUMBER, THE INITIAL FINANCING
STATEMENT TO WHICH THE AMENDMENT RELATES; AND

 

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Session Laws, 1999
Volume 796, Page 2107   View pdf image
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