State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-9 > 6a-9-505

SECTION 6A-9-505

   § 6A-9-505  Filing and compliance withother statutes and treaties for consignments, leases, other bailments, andother transactions. – (a) Use of terms other than "debtor" and "secured party." A consignor,lessor, or other bailor of goods, a licensor, or a buyer of a paymentintangible or promissory note may file a financing statement, or may complywith a statute or treaty described in § 6A-9-311(a), using the terms"consignor", "consignee", "lessor", "lessee", "bailor", "bailee", "licensor","licensee", "owner", "registered owner", "buyer", "seller", or words of similarimport, instead of the terms "secured party" and "debtor".

   (b) Effect of financing statement under subsection(a). This part applies to the filing of a financing statement undersubsection (a) and, as appropriate, to compliance that is equivalent to filinga financing statement under § 6A-9-311(b), but the filing or compliance isnot of itself a factor in determining whether the collateral secures anobligation. If it is determined for another reason that the collateral securesan obligation, a security interest held by the consignor, lessor, bailor,licensor, owner, or buyer which attaches to the collateral is perfected by thefiling or compliance.

State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-9 > 6a-9-505

SECTION 6A-9-505

   § 6A-9-505  Filing and compliance withother statutes and treaties for consignments, leases, other bailments, andother transactions. – (a) Use of terms other than "debtor" and "secured party." A consignor,lessor, or other bailor of goods, a licensor, or a buyer of a paymentintangible or promissory note may file a financing statement, or may complywith a statute or treaty described in § 6A-9-311(a), using the terms"consignor", "consignee", "lessor", "lessee", "bailor", "bailee", "licensor","licensee", "owner", "registered owner", "buyer", "seller", or words of similarimport, instead of the terms "secured party" and "debtor".

   (b) Effect of financing statement under subsection(a). This part applies to the filing of a financing statement undersubsection (a) and, as appropriate, to compliance that is equivalent to filinga financing statement under § 6A-9-311(b), but the filing or compliance isnot of itself a factor in determining whether the collateral secures anobligation. If it is determined for another reason that the collateral securesan obligation, a security interest held by the consignor, lessor, bailor,licensor, owner, or buyer which attaches to the collateral is perfected by thefiling or compliance.


State Codes and Statutes

State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-9 > 6a-9-505

SECTION 6A-9-505

   § 6A-9-505  Filing and compliance withother statutes and treaties for consignments, leases, other bailments, andother transactions. – (a) Use of terms other than "debtor" and "secured party." A consignor,lessor, or other bailor of goods, a licensor, or a buyer of a paymentintangible or promissory note may file a financing statement, or may complywith a statute or treaty described in § 6A-9-311(a), using the terms"consignor", "consignee", "lessor", "lessee", "bailor", "bailee", "licensor","licensee", "owner", "registered owner", "buyer", "seller", or words of similarimport, instead of the terms "secured party" and "debtor".

   (b) Effect of financing statement under subsection(a). This part applies to the filing of a financing statement undersubsection (a) and, as appropriate, to compliance that is equivalent to filinga financing statement under § 6A-9-311(b), but the filing or compliance isnot of itself a factor in determining whether the collateral secures anobligation. If it is determined for another reason that the collateral securesan obligation, a security interest held by the consignor, lessor, bailor,licensor, owner, or buyer which attaches to the collateral is perfected by thefiling or compliance.