Section 9--511. Secured Party of Record  


Latest version.
  • (a) Secured party of record. 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 Section 9--514(a), the assignee named in the
      initial financing statement is the secured party of record with  respect
      to the financing statement.
        (b) Amendment  naming  secured  party  of record. 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  Section  9--514(b),  the  assignee  named  in  the amendment is a
      secured party of record.
        (c) Amendment deleting secured party of record.  A  person  remains  a
      secured  party  of  record  until  the  filing  of  an  amendment of the
      financing statement which deletes the person.