Section 6A-9-504. – Indication of collateral.
§ 6A-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 § 6A-9-108; or (2) An indication that the financing statement covers all assets or all personal property. History of Section.P.L. 2000, ch. 182, § 6; P.L. 2000, […]
Section 6A-9-505. – Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions.
§ 6A-9-505. Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions. (a) Use of terms other than “debtor” and “secured party.” A consignor, lessor, or other bailor of goods, a licensor, or a buyer of a payment intangible or promissory note may file a financing statement, or may […]
Section 6A-9-506. – Effect of errors or omissions.
§ 6A-9-506. Effect of errors or omissions. (a) Minor errors and omissions. A financing statement substantially satisfying the requirements of this part is effective, even if it has minor errors or omissions, unless the errors or omissions make the financing statement seriously misleading. (b) Financing statement seriously misleading. Except as otherwise provided in subsection (c), […]
Section 6A-9-507. – Effect of certain events on effectiveness of financing statement.
§ 6A-9-507. Effect of certain events on effectiveness of financing statement. (a) Disposition. A filed financing statement remains effective with respect to collateral that is sold, exchanged, leased, licensed, or otherwise disposed of and in which a security interest or agricultural lien continues, even if the secured party knows of or consents to the disposition. […]
Section 6A-9-508. – Effectiveness of financing statement if new debtor becomes bound by security agreement.
§ 6A-9-508. Effectiveness of financing statement if new debtor becomes bound by security agreement. (a) Financing statement naming original debtor. Except as otherwise provided in this section, a filed financing statement naming an original debtor is effective to perfect a security interest in collateral in which a new debtor has or acquires rights to the […]
Section 6A-9-509. – Persons entitled to file a record.
§ 6A-9-509. Persons entitled to file a record. (a) Person entitled to file record. A person may file an initial financing statement, amendment that adds collateral covered by a financing statement, or amendment that adds a debtor to a financing statement only if: (1) The debtor authorizes the filing in an authenticated record or pursuant […]
Section 6A-9-510. – Effectiveness of filed record.
§ 6A-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 § 6A-9-509. (b) Authorization by one secured party of record. A record authorized by one secured party of record does not affect […]
Section 6A-9-511. – Secured party of record.
§ 6A-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 […]
Section 6A-9-512. – Amendment of financing statement.
§ 6A-9-512. Amendment of financing statement. (a) Amendment of information in financing statement. Subject to § 6A-9-509, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or, subject to subsection (e), otherwise amend the information provided in, a financing statement by filing an amendment that: (1) Identifies, by its […]
Section 6A-9-513. – Termination statement.
§ 6A-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 […]