2007 Minnesota Statutes

336.9-511 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 financing statement
is filed under section 336.9-514(a), the assignee named in the initial financing statement is the
secured party of record with respect to the financing statement.
(b) Amendment naming secured party of record. 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 section 336.9-514(b), the assignee named in the amendment is a secured party of record.
(c) Amendment deleting secured party of record. A person remains a secured party of
record until the filing of an amendment of the financing statement which deletes the person.
History: 2000 c 399 art 1 s 82