State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-9 > 6a-9-502

SECTION 6A-9-502

   § 6A-9-502  Contents of financingstatement; record of mortgage as financing statement; time of filing financingstatement. – (a) Sufficiency of financing statement. Subject to subsection (b), afinancing statement is sufficient only if it:

   (1) Provides the name of the debtor;

   (2) Provides the name of the secured party or arepresentative of the secured party; and

   (3) Indicates the collateral covered by the financingstatement.

   (b) Real-property-related financing statements. Exceptas otherwise provided in § 6A-9-501(b), to be sufficient, a financingstatement that covers as-extracted collateral or timber to be cut, or which isfiled as a fixture filing and covers goods that are or are to become fixtures,must satisfy subsection (a) and also:

   (1) Indicate that it covers this type of collateral;

   (2) Indicate that it is to be filed in the real propertyrecords;

   (3) Provide a description of the real property to which thecollateral is related; and

   (4) If the debtor does not have an interest of record in thereal property, provide the name of a record owner.

   (c) Record of mortgage as financing statement. Arecord of a mortgage is effective, from the date of recording, as a financingstatement filed as a fixture filing or as a financing statement coveringas-extracted collateral or timber to be cut only if:

   (1) The record indicates the goods or accounts that it covers;

   (2) The goods are or are to become fixtures related to thereal property described in the record or the collateral is related to the realproperty described in the record and is as-extracted collateral or timber to becut;

   (3) The record satisfies the requirements for a financingstatement in this section other than an indication that it is to be filed inthe real property records; and

   (4) The record is duly recorded.

   (d) Filing before security agreement or attachment. Afinancing statement may be filed before a security agreement is made or asecurity interest otherwise attaches.

State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-9 > 6a-9-502

SECTION 6A-9-502

   § 6A-9-502  Contents of financingstatement; record of mortgage as financing statement; time of filing financingstatement. – (a) Sufficiency of financing statement. Subject to subsection (b), afinancing statement is sufficient only if it:

   (1) Provides the name of the debtor;

   (2) Provides the name of the secured party or arepresentative of the secured party; and

   (3) Indicates the collateral covered by the financingstatement.

   (b) Real-property-related financing statements. Exceptas otherwise provided in § 6A-9-501(b), to be sufficient, a financingstatement that covers as-extracted collateral or timber to be cut, or which isfiled as a fixture filing and covers goods that are or are to become fixtures,must satisfy subsection (a) and also:

   (1) Indicate that it covers this type of collateral;

   (2) Indicate that it is to be filed in the real propertyrecords;

   (3) Provide a description of the real property to which thecollateral is related; and

   (4) If the debtor does not have an interest of record in thereal property, provide the name of a record owner.

   (c) Record of mortgage as financing statement. Arecord of a mortgage is effective, from the date of recording, as a financingstatement filed as a fixture filing or as a financing statement coveringas-extracted collateral or timber to be cut only if:

   (1) The record indicates the goods or accounts that it covers;

   (2) The goods are or are to become fixtures related to thereal property described in the record or the collateral is related to the realproperty described in the record and is as-extracted collateral or timber to becut;

   (3) The record satisfies the requirements for a financingstatement in this section other than an indication that it is to be filed inthe real property records; and

   (4) The record is duly recorded.

   (d) Filing before security agreement or attachment. Afinancing statement may be filed before a security agreement is made or asecurity interest otherwise attaches.


State Codes and Statutes

State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-9 > 6a-9-502

SECTION 6A-9-502

   § 6A-9-502  Contents of financingstatement; record of mortgage as financing statement; time of filing financingstatement. – (a) Sufficiency of financing statement. Subject to subsection (b), afinancing statement is sufficient only if it:

   (1) Provides the name of the debtor;

   (2) Provides the name of the secured party or arepresentative of the secured party; and

   (3) Indicates the collateral covered by the financingstatement.

   (b) Real-property-related financing statements. Exceptas otherwise provided in § 6A-9-501(b), to be sufficient, a financingstatement that covers as-extracted collateral or timber to be cut, or which isfiled as a fixture filing and covers goods that are or are to become fixtures,must satisfy subsection (a) and also:

   (1) Indicate that it covers this type of collateral;

   (2) Indicate that it is to be filed in the real propertyrecords;

   (3) Provide a description of the real property to which thecollateral is related; and

   (4) If the debtor does not have an interest of record in thereal property, provide the name of a record owner.

   (c) Record of mortgage as financing statement. Arecord of a mortgage is effective, from the date of recording, as a financingstatement filed as a fixture filing or as a financing statement coveringas-extracted collateral or timber to be cut only if:

   (1) The record indicates the goods or accounts that it covers;

   (2) The goods are or are to become fixtures related to thereal property described in the record or the collateral is related to the realproperty described in the record and is as-extracted collateral or timber to becut;

   (3) The record satisfies the requirements for a financingstatement in this section other than an indication that it is to be filed inthe real property records; and

   (4) The record is duly recorded.

   (d) Filing before security agreement or attachment. Afinancing statement may be filed before a security agreement is made or asecurity interest otherwise attaches.