(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 § 4-9-514(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 § 4-9-514(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.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 1 - Uniform Commercial Code
Chapter 9 - Secured Transactions
Subpart 1 - Filing Office — Contents and Effectiveness of Financing Statement
§ 4-9-503. Name of debtor and secured party
§ 4-9-504. Indication of collateral
§ 4-9-506. Effect of errors or omissions
§ 4-9-507. Effect of certain events on effectiveness of financing statement
§ 4-9-508. Effectiveness of financing statement if new debtor becomes bound by security agreement
§ 4-9-509. Persons entitled to file a record
§ 4-9-510. Effectiveness of filed record
§ 4-9-511. Secured party of record
§ 4-9-512. Amendment of financing statement
§ 4-9-513. Termination statement
§ 4-9-514. Assignment of powers of secured party of record
§ 4-9-515. Duration and effectiveness of financing statement — Effect of lapsed financing statement
§ 4-9-516. What constitutes filing — Effectiveness of filing
§ 4-9-517. Effect of indexing errors
§ 4-9-518. Claim concerning inaccurate or wrongfully filed record