2023 Florida Statutes
< Back to Statute SearchTitle XXXIX COMMERCIAL RELATIONS
Chapter 679
UNIFORM COMMERCIAL CODE: SECURED TRANSACTIONS
SECTION 514Assignment of powers of secured party of record.
679.514 Assignment of powers of secured party of record.—
(1) Except as otherwise provided in subsection (3), an initial financing statement may reflect an assignment of all of the secured party’s power to authorize an amendment to the financing statement by providing the name and mailing address of the assignee as the name and address of the secured party.
(2) Except as otherwise provided in subsection (3), a secured party of record may assign of record all or part of its power to authorize an amendment to a financing statement by filing in the filing office an amendment of the financing statement which:
(a) Identifies, by its correct file number and the secured party of record, the initial financing statement to which it relates;
(b) Provides the names of the assignor and debtor; and
(c) Provides the name and mailing address of the assignee.
History.—s. 6, ch. 2001-198.