§ 28-9-511 — SECURED PARTY OF RECORD

Idaho § 28-9-511

• Jurisdiction: Idaho
• Title 28: COMMERCIAL TRANSACTIONS
• Part 5.: FILING
• Ch. 9: SECURED TRANSACTIONS

Text

(a) 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 28-9-514 (a), the assignee named in the initial financing statement is the secured party of record with respect to the financing statement.
(b) 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 28-9-514 (b), the assignee named in the amendment is a secured party of record.
(c) A person remains a secured party of record until the filing of an amendment of the financing statement which deletes the person.

Legislative History

[28-9-511, added 2001, ch. 208, sec. 2, p. 766.]