§ 30-9A-511 — Secured Party Of Record

Montana § 30-9A-511

• Jurisdiction: Montana
• Title 30: TRADE AND COMMERCE
• Ch. 9A: UNIFORM COMMERCIAL CODE SECURED TRANSACTIONS
• Part 5: Filing

Text

30-9A-511 . Secured party of record. (1) 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 30-9A-514 (1), the assignee named in the initial financing statement is the secured party of record with respect to the financing statement.
(2) If an amendment of a financing statement that 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 30-9A-514 (2), the assignee named in the amendment is a secured party of record.
(3) A person remains a secured party of record until the filing of an amendment of the financing statement that deletes the person.

Legislative History

En. Sec. 81, Ch. 305, L. 1999; Sec. 30-9-531 , MCA 1999; redes. 30-9A-511 by Code Commissioner, 2001.