§ 41-09-82 — (9-511) 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 subsection 1 of section 41-09-85, 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 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 subsection 2
of section 41-09-85, 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 which deletes the person.