111-11-38 Assignment of powers of secured party of record.

(A) Status of the parties. 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) Status of financing statement. An assignment shall have no effect upon the status of the financing statement.

R.C. 119.032 review dates: 10/20/2010 and 07/20/2015
Promulgated Under: 119.03
Statutory Authority: 1309.526
Rule Amplifies: 1309.511 , 1309.519
Prior Effective Dates: 7/3/01 (Emer.), 9/20/01