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 secur ed 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 remain s a secured party of record until the filing of an amendment of the financing statement which deletes the person. Effective: July 1, 2001 History: Created 2000 Ky. Acts ch. 408, sec. 102, effective July 1, 2001.
Kentucky Legal Code