State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-9 > 6a-9-509

SECTION 6A-9-509

   § 6A-9-509  Persons entitled to file arecord. – (a) Person entitled to file record. A person may file an initialfinancing statement, amendment that adds collateral covered by a financingstatement, or amendment that adds a debtor to a financing statement only if:

   (1) The debtor authorizes the filing in an authenticatedrecord or pursuant to subsection (b) or (c); or

   (2) The person holds an agricultural lien that has becomeeffective at the time of filing and the financing statement covers onlycollateral in which the person holds an agricultural lien.

   (b) Security agreement as authorization. Byauthenticating or becoming bound as debtor by a security agreement, a debtor ornew debtor authorizes the filing of an initial financing statement, and anamendment, covering:

   (1) The collateral described in the security agreement; and

   (2) Property that becomes collateral under §6A-9-315(a)(2), whether or not the security agreement expressly covers proceeds.

   (c) Acquisition of collateral as authorization. Byacquiring collateral in which a security interest or agricultural liencontinues under § 6A-9-315(a)(1), a debtor authorizes the filing of aninitial financing statement, and an amendment, covering the collateral andproperty that becomes collateral under § 6A-9-315(a)(2).

   (d) Person entitled to file certain amendments. Aperson may file an amendment other than an amendment that adds collateralcovered by a financing statement or an amendment that adds a debtor to afinancing statement only if:

   (1) The secured party of record authorizes the filing; or

   (2) The amendment is a termination statement for a financingstatement as to which the secured party of record has failed to file or send atermination statement as required by § 6A-9-513(a) or (c), the debtorauthorizes the filing, and the termination statement indicates that the debtorauthorized it to be filed.

   (e) Multiple secured parties of record. If there ismore than one secured party of record for a financing statement, each securedparty of record may authorize the filing of an amendment under subsection (d).

State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-9 > 6a-9-509

SECTION 6A-9-509

   § 6A-9-509  Persons entitled to file arecord. – (a) Person entitled to file record. A person may file an initialfinancing statement, amendment that adds collateral covered by a financingstatement, or amendment that adds a debtor to a financing statement only if:

   (1) The debtor authorizes the filing in an authenticatedrecord or pursuant to subsection (b) or (c); or

   (2) The person holds an agricultural lien that has becomeeffective at the time of filing and the financing statement covers onlycollateral in which the person holds an agricultural lien.

   (b) Security agreement as authorization. Byauthenticating or becoming bound as debtor by a security agreement, a debtor ornew debtor authorizes the filing of an initial financing statement, and anamendment, covering:

   (1) The collateral described in the security agreement; and

   (2) Property that becomes collateral under §6A-9-315(a)(2), whether or not the security agreement expressly covers proceeds.

   (c) Acquisition of collateral as authorization. Byacquiring collateral in which a security interest or agricultural liencontinues under § 6A-9-315(a)(1), a debtor authorizes the filing of aninitial financing statement, and an amendment, covering the collateral andproperty that becomes collateral under § 6A-9-315(a)(2).

   (d) Person entitled to file certain amendments. Aperson may file an amendment other than an amendment that adds collateralcovered by a financing statement or an amendment that adds a debtor to afinancing statement only if:

   (1) The secured party of record authorizes the filing; or

   (2) The amendment is a termination statement for a financingstatement as to which the secured party of record has failed to file or send atermination statement as required by § 6A-9-513(a) or (c), the debtorauthorizes the filing, and the termination statement indicates that the debtorauthorized it to be filed.

   (e) Multiple secured parties of record. If there ismore than one secured party of record for a financing statement, each securedparty of record may authorize the filing of an amendment under subsection (d).


State Codes and Statutes

State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-9 > 6a-9-509

SECTION 6A-9-509

   § 6A-9-509  Persons entitled to file arecord. – (a) Person entitled to file record. A person may file an initialfinancing statement, amendment that adds collateral covered by a financingstatement, or amendment that adds a debtor to a financing statement only if:

   (1) The debtor authorizes the filing in an authenticatedrecord or pursuant to subsection (b) or (c); or

   (2) The person holds an agricultural lien that has becomeeffective at the time of filing and the financing statement covers onlycollateral in which the person holds an agricultural lien.

   (b) Security agreement as authorization. Byauthenticating or becoming bound as debtor by a security agreement, a debtor ornew debtor authorizes the filing of an initial financing statement, and anamendment, covering:

   (1) The collateral described in the security agreement; and

   (2) Property that becomes collateral under §6A-9-315(a)(2), whether or not the security agreement expressly covers proceeds.

   (c) Acquisition of collateral as authorization. Byacquiring collateral in which a security interest or agricultural liencontinues under § 6A-9-315(a)(1), a debtor authorizes the filing of aninitial financing statement, and an amendment, covering the collateral andproperty that becomes collateral under § 6A-9-315(a)(2).

   (d) Person entitled to file certain amendments. Aperson may file an amendment other than an amendment that adds collateralcovered by a financing statement or an amendment that adds a debtor to afinancing statement only if:

   (1) The secured party of record authorizes the filing; or

   (2) The amendment is a termination statement for a financingstatement as to which the secured party of record has failed to file or send atermination statement as required by § 6A-9-513(a) or (c), the debtorauthorizes the filing, and the termination statement indicates that the debtorauthorized it to be filed.

   (e) Multiple secured parties of record. If there ismore than one secured party of record for a financing statement, each securedparty of record may authorize the filing of an amendment under subsection (d).