47-9514. Assignment of powers of secured party
of record
A. Except as otherwise provided in subsection C 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.
B. Except as otherwise provided in subsection C 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 filing in the filing office an amendment of the financing
statement that:
1. Identifies, by its file number, the initial financing statement to which it
relates;
2. Provides the name of the assignor; and
3. Provides the name and mailing address of the assignee.
C. An assignment of record of a security interest in a fixture covered by a record
of a mortgage that is effective as a financing statement filed as a fixture filing under
section 47-9502, subsection C may be made only by an assignment of record of the mortgage
in the manner provided by law of this state other than this title.
D. A secured party of record may assign of record all of the secured party's rights
under more than one financing statement filed with the secretary of state by filing a
master assignment setting forth the name of the secured party of record and file number
of each financing statement and the name and mailing address of the assignee. The
secured party shall also provide filing information in computer-readable form prescribed
by the secretary of state.
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