(a) 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 4-9-514 (a), the assignee named in the initial financing statement is the secured party of record with respect to the financing statement.
If an amendment of a financing statement which provides the name of a person as asecured 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 4-9-514 (b), the assignee named in the amendment is a secured party of record.
A person remains a secured party of record until the filing of an amendment of thefinancing statement which deletes the person.
Source: L. 2001: Entire article R&RE, p. 1384, § 1, effective July 1.