18 NCAC 05B .0305. ASSIGNMENT OF POWERS OF SECURED PARTY OF RECORD

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(a) An assignment shall have no effect on the status of the parties to the financing statement, except that each assignee named in the assignment shall become a secured party of record.

(b) An assignment shall have no effect upon the status of the financing statement.

History Note: Authority G.S.25-9-514; 25-9-526;

Temporary Adoption Eff. July 2, 2001;

Eff. August 1, 2002.

                    
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