Montana § 30-9A-514 Assignment Powers Of Secured Party Of Record

Montana Statutes

§ 30-9A-514 — Assignment Powers Of Secured Party Of Record

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

30-9A-514 . Assignment powers of secured party of record.

(1)Except as otherwise provided in subsection (3), an initial financing statement may reflect an assignment of all of the secured party's power to authorize an amendment to the financing statement by providing the name and mailing address of the assignee as the name and address of the secured party.

(2)Except as otherwise provided in subsection (3), a secured party of record may assign of record all or part of its power to authorize an amendment to a financing statement by filing in the filing office an amendment of the financing statement that:

(a)identifies, by its file number, the initial financing statement to which it relates;

(b)provides the name of the assignor; and

(c)provides the name and mailing address of the assigne

Free access — add to your briefcase to read the full text and ask questions with AI

30-9A-514 . Assignment powers of secured party of record. (1) Except as otherwise provided in subsection (3), an initial financing statement may reflect an assignment of all of the secured party's power to authorize an amendment to the financing statement by providing the name and mailing address of the assignee as the name and address of the secured party.
(2) Except as otherwise provided in subsection (3), a secured party of record may assign of record all or part of its power to authorize an amendment to a financing statement by filing in the filing office an amendment of the financing statement that:
(a) identifies, by its file number, the initial financing statement to which it relates;
(b) provides the name of the assignor; and
(c) provides the name and mailing address of the assignee.
(3) An assignment of record of a security interest in a fixture covered by a real property mortgage that is effective as a fixture filing under 30-9A-502 (3) may be made only by an assignment of record of the mortgage in the manner provided by law of this state other than chapters 1 through 9A.

Montana § 30-9A-514 (Assignment Powers Of Secured Party Of Record) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.