§ 25-9-511. Secured party of record. - North Carolina Statutes

§25‑9‑511.  Secured party of record.

(a)        Secured party ofrecord. – A secured party of record with respect to a financing statement is aperson whose name is provided as the name of the secured party or arepresentative of the secured party in an initial financing statement that hasbeen filed. If an initial financing statement is filed under G.S. 25‑9‑514(a),the assignee named in the initial financing statement is the secured party ofrecord with respect to the financing statement.

(b)        Amendment naming securedparty of record. – If an amendment of a financing statement which provides thename of a person as a secured party or a representative of a secured party isfiled, the person named in the amendment is a secured party of record. If anamendment is filed under G.S. 25‑9‑514(b), the assignee named inthe amendment is a secured party of record.

(c)        Amendment deletingsecured party of record. – A person remains a secured party of record until thefiling of an amendment of the financing statement which deletes the person. (2000‑169,s. 1.)