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Note: Commerce is now known as Economic Development Law

RETRIEVE BILL
 
  Section 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 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  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.

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