18 N.C. Admin. Code 5B.0305

Current through Register Vol. 39, No. 9, November 1, 2024

Section 05B .0305 - ASSIGNMENT OF POWERS OF SECURED

(a) An assignment shall have no effect on the status of the parties to the financing statement, except that each assignee named in the assignment shall become a secured party of record.

(b) An assignment shall have no effect upon the status of the financing statement.

18 N.C. Admin. Code 05B .0305

Authority G.S.25-9-514; 25-9-526;
Temporary Adoption Eff. July 2, 2001;
Eff. August 1, 2002;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. November 12, 2014.

Authority G.S.25-9-514;
Temporary Adoption Eff. July 2, 2001;
Eff. August 1, 2002.