§ 25-9-515 – Duration and effectiveness of financing statement; effect of lapsed financing statement.
25-9-515. Duration and effectiveness of financing statement; effect of lapsed financing statement. (a) Five-year effectiveness. – Except as otherwise provided in subsections (b), (e), (f), and (g) of this section, a filed financing statement is effective for a period of five years after the date of filing. (b) Public-finance or manufactured-home transaction. – Except as […]
§ 25-9-516 – What constitutes filing; effectiveness of filing.
25-9-516. What constitutes filing; effectiveness of filing. (a) What constitutes filing. – Except as otherwise provided in subsection (b) of this section, communication of a record to a filing office and tender of the filing fee or acceptance of the record by the filing office constitutes filing. (b) Refusal to accept record; filing does not […]
§ 25-9-517 – Effect of indexing errors.
25-9-517. Effect of indexing errors. The failure of the filing office to index a record correctly does not affect the effectiveness of the filed record. (2000-169, s. 1.)
§ 25-9-518 – Claim concerning inaccurate or wrongfully filed record.
25-9-518. Claim concerning inaccurate or wrongfully filed record. (a) Statement With Respect to Record Indexed Under Person’s Name. – A person may file in the filing office an information statement with respect to a record indexed there under the person’s name if the person believes that the record is inaccurate or was wrongfully filed. (b) […]
§ 25-9-519 – Numbering, maintaining, and indexing records; communicating information provided in records.
25-9-519. Numbering, maintaining, and indexing records; communicating information provided in records. (a) Filing office duties. – For each record filed in a filing office, the filing office shall: (1) Assign a unique number to the filed record; (2) Create a record that bears the number assigned to the filed record and the date and time […]
§ 25-9-409 – Restrictions on assignment of letter-of-credit rights ineffective.
25-9-409. Restrictions on assignment of letter-of-credit rights ineffective. (a) Term or law restricting assignment generally ineffective. – A term in a letter of credit or a rule of law, statute, regulation, custom, or practice applicable to the letter of credit which prohibits, restricts, or requires the consent of an applicant, issuer, or nominated person to […]
§ 25-9-501 – Filing offices.
25-9-501. Filing offices. (a) Filing offices. – Except as otherwise provided in subsection (b) of this section, if the local law of this State governs perfection of a security interest or agricultural lien, the office in which to file a financing statement to perfect the security interest or agricultural lien is: (1) The office designated […]
§ 25-9-502 – Contents of financing statement; record of mortgage as financing statement; time of filing financing statement.
25-9-502. Contents of financing statement; record of mortgage as financing statement; time of filing financing statement. (a) Sufficiency of financing statement. – Subject to subsection (b) of this section, a financing statement is sufficient only if it: (1) Provides the name of the debtor; (2) Provides the name of the secured party or a representative […]
§ 25-9-503 – Name of debtor and secured party.
25-9-503. Name of debtor and secured party. (a) Sufficiency of debtor’s name. – A financing statement sufficiently provides the name of the debtor: (1) Except as otherwise provided in subdivision (3) of this subsection, if the debtor is a registered organization or the collateral is held in a trust that is a registered organization, only […]
§ 25-9-504 – Indication of collateral.
25-9-504. Indication of collateral. A financing statement sufficiently indicates the collateral that it covers if the financing statement provides: (1) A description of the collateral pursuant to G.S. 25-9-108; or (2) An indication that the financing statement covers all assets or all personal property. (1899, cc. 17, 247; 1901, cc. 329, 704; 1903, c. 489; […]