810 ILCS 5/9-511

(810 ILCS 5/9-511)

Sec. 9-511.

Secured party of record.

(a) Secured party of record.  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 Section
9-514(a), the assignee named in the initial financing statement is the secured
party
of record with respect to the financing statement.

(b) Amendment naming secured party of record.  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 Section
9-514(b), the assignee named in the amendment is a secured party of record.

(c) Amendment deleting secured party of record.  A person
remains a secured party of record until the filing of an amendment of the
financing
statement which deletes the person.

(Source: P.A. 91-893, eff. 7-1-01.)