GroundRules
D.C. Code § 28:9-511: Secured party of record.
Where this section sits in the code
- Title 28. Commercial Instruments and Transactions. [Enacted title]
- Subtitle I. Uniform Commercial Code.
- Article 9. Secured Transactions.
- Part V. Filing.
- Subpart 1. Filing Office; Contents and Effectiveness of Financing Statement.
(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 § 28:9-514(a), the assignee named in the initial financing statement is the secured party of record with respect to the financing statement.
(b)
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 § 28:9-514(b), the assignee named in the amendment is a secured party of record.
(c)
A person remains a secured party of record until the filing of an amendment of the financing statement which deletes the person.
Collected 2026-08-29T05:44:07Z. Source file · JSON