§ 25-9-505. Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions. - North Carolina Statutes

§25‑9‑505.  Filing and compliance with other statutes and treatiesfor consignments, leases, other bailments, and other transactions.

(a)        Use of terms otherthan "debtor" and "secured party." – A consignor, lessor,or other bailor of goods, a licensor, or a buyer of a payment intangible orpromissory note may file a financing statement, or may comply with a statute ortreaty described in G.S. 25‑9‑311(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)        Effect of financingstatement under subsection (a). – This Part applies to the filing of afinancing statement under subsection (a) of this section and, as appropriate,to compliance that is equivalent to filing a financing statement under G.S. 25‑9‑311(b),but the filing or compliance is not of itself a factor in determining whetherthe collateral secures an obligation. If it is determined for another reasonthat the collateral 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. (1975,c. 862, s. 7; 2000‑169, s. 1.)