57A-9-505 Filing by bailor of goods, licensor, or buyer of payment intangible or promissory note.
Filing by bailor of goods, licensor, or buyer of payment intangible or promissory
(a) A consignor, lessor, or other bailor of goods, a licensor, or a buyer of a payment intangible
or promissory note may file a financing statement, or may comply with a statute or treaty described
in § 57A-9-311(a), using the terms "consignor", "consignee", "lessor", "lessee", "bailor", "bailee",
"licensor", "licensee", "owner", "registered owner", "buyer", "seller", or words of similar import,
instead of the terms "secured party" and "debtor".
(b) This part applies to the filing of a financing statement under subsection (a) and, as
appropriate, to compliance that is equivalent to filing a financing statement under § 57A-9-311(b),
but the filing or compliance is not of itself a factor in determining whether the collateral secures an
obligation. If it is determined for another reason that the collateral secures an obligation, a security
interest held by the consignor, lessor, bailor, licensor, owner, or buyer which attaches to the collateral
is perfected by the filing or compliance.
Source: SL 2000, ch 231.