Section 355.9-511 - Secured party of record(1) 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 KRS 355.9-514(1), the assignee named in the initial financing statement is the secured party of record with respect to the financing statement.(2) 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 KRS 355.9-514(2), the assignee named in the amendment is a secured party of record.(3) A person remains a secured party of record until the filing of an amendment of the financing statement which deletes the person.Effective:7/1/2001
Created 2000, Ky. Acts ch. 408, sec. 102, effective7/1/2001.