(a) Secured party of record. 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 § 8.9A-514 (a), the assignee named in the initial financing statement is the secured party of record with respect to the financing statement.
(b) Amendment naming secured party of record. 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 § 8.9A-514 (b), the assignee named in the amendment is a secured party of record.
(c) Amendment deleting secured party of record. A person remains a secured party of record until the filing of an amendment of the financing statement which deletes the person.
2000, c. 1007.
Structure Code of Virginia
Title 8.9A - Commercial Code - Secured Transactions
Part 1 - Filing Office, Contents and Effectiveness of Financing Statement
§ 8.9A-503. Name of debtor and secured party
§ 8.9A-504. Indication of collateral
§ 8.9A-506. Effect of errors or omissions
§ 8.9A-507. Effect of certain events on effectiveness of financing statement
§ 8.9A-508. Effectiveness of financing statement if new debtor becomes bound by security agreement
§ 8.9A-509. Persons entitled to file a record
§ 8.9A-510. Effectiveness of filed record
§ 8.9A-511. Secured party of record
§ 8.9A-512. Amendment of financing statement
§ 8.9A-513. Termination statement
§ 8.9A-514. Assignment of powers of secured party of record
§ 8.9A-515. Duration and effectiveness of financing statement; effect of lapsed financing statement
§ 8.9A-516. What constitutes filing; effectiveness of filing
§ 8.9A-517. Effect of indexing errors
§ 8.9A-518. Claim concerning inaccurate or wrongfully filed record