554.9514 Assignment of powers of secured party of record. 1. Assignment reflected on initial financing statement. Except as otherwise provided in subsection 3, an initial financing statement may reflect an assignment of all of the securedparty’s power to authorize an amendment to the financing statement by providing the nameand mailing address of the assignee as the name and address of the secured party. 2. Assignment of filed financing statement. Except as otherwise provided in subsection 3, a secured party of record may assign of record all or part of its power to authorize anamendment to a financing statement by filing in the filing office an amendment of thefinancing statement which: a. identifies, by its file number, the initial financing statement to which it relates;b. provides the name of the assignor; andc. provides the name and mailing address of the assignee.3. Assignment of record of mortgage. An assignment of record of a security interest in a fixture covered by a record of a mortgage which is effective as a financing statement filed asa fixture filing under section 554.9502, subsection 3, may be made only by an assignment ofrecord of the mortgage in the manner ecord of a mortgage which is effective as a financing statement filed asa fixture filing under section 554.9502, subsection 3, may be made only by an assignment ofrecord of the mortgage in the manner provided by law of this state other than this chapter. 2000 Acts, ch 1149, §85, 187Referred to in §554.9511, 554.9516, 554.9519 Sat Dec 23 11:02:13 2023 Iowa Code 2024, Section 554.9514 (24, 0)
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