400.9-505. Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions. - Missouri Statutes

Filing and compliance with other statutes and treaties forconsignments, leases, other bailments, and other transactions.

400.9-505. (a) A consignor, lessor, or other bailor of goods, alicensor, or a buyer of a payment intangible or promissory note may file afinancing statement, or may comply with a statute or treaty described insection 400.9-311(a), using the terms "consignor", "consignee", "lessor","lessee", "bailor", "bailee", "licensor", "licensee", "owner", "registeredowner", "buyer", "seller", or words of similar import, instead of the terms"secured party" and "debtor".

(b) This part applies to the filing of a financing statement undersubsection (a) and, as appropriate, to compliance that is equivalent tofiling a financing statement under section 400.9-311(b), but the filing orcompliance is not of itself a factor in determining whether the collateralsecures an obligation. If it is determined for another reason that thecollateral secures an obligation, a security interest held by theconsignor, lessor, bailor, licensor, owner, or buyer which attaches to thecollateral is perfected by the filing or compliance.

(L. 1963 p. 503 § 9-505, A.L. 1988 S.B. 583, A.L. 2001 S.B. 288)

Effective 7-01-01