KRS 355.9-514: Assignment of powers of secured party of record.

(1) Except as otherwise provided in subsection (3) of this section, an initial financing

statement may reflect an assignment of all of the secured party's power to authorize

an amendment to the financing statement by providing the name and mailing

address of the assignee as the name and address of the secured party.

(2) Except as otherwise provided in subsection (3) of this section, a secured party of

record may assign of record all or part of its power to authorize an amendment to a

financing statement by fili ng in the filing office an amendment of the financing

statement which:

(a) Identifies, by its file number, the initial financing statement to which it relates;

(b) Provides the name of the assignor; and

(c) Provides the name and mailing address of the assignee.

(3) 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 as a fixture filing under

KRS 355.9-502(3) may be made only by an assignment of record of the mortgage in

the manner provided by law of this Commonwealth other than this chapter.