Section 9--505. Filing and Compliance with Other Statutes and Treaties for Consignments, Leases, Other Bailments, and Other Transactions  


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  • (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.