§490:9-514  Assignment of powers of secured
party of record.  (a)  Except as otherwise provided in subsection (c), 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), 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 which:



(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 which is effective as a
financing statement filed as a fixture filing under section 490:9-502(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 chapter. [L 2000, c 241, pt of §1]