2006 New York Code - Assignment Of Powers Of Secured Party Of Record

 
  Section 9--514. Assignment of Powers of Secured Party of Record.
    (a) Assignment  reflected  on  initial  financing statement. Except as
  otherwise provided in subsection (c), 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.
    (b) Assignment  of  filed  financing  statement.  Except  as otherwise
  provided in subsection (c), 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:
         (1) identifies,  by  its  file  number,  the  initial   financing
             statement to which it relates;
         (2) provides the name of the assignor; and
         (3) provides the name and mailing address of the assignee.
    (c) Assignment  of  record  of  mortgage. An assignment of record of a
  security interest in a fixture covered by a record of a  mortgage  which
  is  effective  as  a financing statement filed as a fixture filing under
  Section 9--502(c) may be made only by an assignment  of  record  of  the
  mortgage  in  the  manner  provided by law of this state other than this
  chapter.