<?xml version='1.0' encoding='utf-8'?>
<section article="gcl" article_name="Commercial Law" number="9-511" title_number="9" title_name="Secured Transactions" subtitle_number="5" subtitle_name="Filing">
  <level label="a">
    <text>A secured party of record with respect to a financing statement is a person whose name is provided as the name of the secured party or a representative of the secured party in an initial financing statement that has been filed. If an initial financing statement is filed under § 9-514(a), the assignee named in the initial financing statement is the secured party of record with respect to the financing statement.</text>
  </level>
  <level label="b">
    <text>If an amendment of a financing statement which provides the name of a person as a secured party or a representative of a secured party is filed, the person named in the amendment is a secured party of record. If an amendment is filed under § 9-514(b), the assignee named in the amendment is a secured party of record.</text>
  </level>
  <level label="c">
    <text>A person remains a secured party of record until the filing of an amendment of the financing statement which deletes the person.</text>
  </level>
</section>
