§ 25-9-525 – Fees.
25-9-525. Fees. (a) Filing of initial financing statement or other record with the office of the Secretary of State: general rule. – Except as otherwise provided in subsection (e) of this section, the Secretary of State shall collect the following fees for filing and indexing a record under this Part: (1) Thirty-eight dollars ($38.00) if […]
§ 25-9-526 – Filing-office rules.
25-9-526. Filing-office rules. (a) Adoption of filing-office rules. – The Secretary of State shall adopt and publish rules to implement the Secretary of State’s responsibilities under this Part. The filing-office rules must be consistent with this Article. (b) Harmonization of rules. – To keep the filing-office rules and practices of the filing office in harmony […]
§ 25-9-601 – Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes.
25-9-601. Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes. (a) Rights of secured party after default. – After default, a secured party has the rights provided in this Part and, except as otherwise provided in G.S. 25-9-602, those provided by agreement of the parties. A secured […]
§ 25-9-602 – Waiver and variance of rights and duties.
25-9-602. Waiver and variance of rights and duties. Except as otherwise provided in G.S. 25-9-624, to the extent that they give rights to a debtor or obligor and impose duties on a secured party, the debtor or obligor may not waive or vary the rules stated in the following listed sections: (1) G.S. 25-9-207(b)(4)c., which […]
§ 25-9-603 – Agreement on standards concerning rights and duties.
25-9-603. Agreement on standards concerning rights and duties. (a) Agreed standards. – The parties may determine by agreement the standards measuring the fulfillment of the rights of a debtor or obligor and the duties of a secured party under a rule stated in G.S. 25-9-602 if the standards are not manifestly unreasonable. (b) Agreed standards […]
§ 25-9-510 – Effectiveness of filed record.
25-9-510. Effectiveness of filed record. (a) Filed record effective if authorized. – A filed record is effective only to the extent that it was filed by a person that may file it under G.S. 25-9-509. (b) Authorization by one secured party of record. – A record authorized by one secured party of record does not […]
§ 25-9-511 – Secured party of record.
25-9-511. Secured party of record. (a) Secured party of record. – 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 […]
§ 25-9-512 – Amendment of financing statement.
25-9-512. Amendment of financing statement. (a) Amendment of information in financing statement. – Subject to G.S. 25-9-509, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or, subject to subsection (e) of this section, otherwise amend the information provided in, a financing statement by filing an amendment that: (1) […]
§ 25-9-513 – Termination statement.
25-9-513. Termination statement. (a) Consumer goods. – A secured party shall cause the secured party of record for a financing statement to file a termination statement for the financing statement if the financing statement covers consumer goods and: (1) There is no obligation secured by the collateral covered by the financing statement and no commitment […]
§ 25-9-514 – Assignment of powers of secured party of record.
25-9-514. Assignment of powers of secured party of record. (a) Assignment reflected on initial financing statement. – Except as otherwise provided in subsection (c) of this section, 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 […]