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.

HISTORY: Eff 7-3-01 (Emer.); 9-20-01

Rule promulgated under: RC 119.03

Rule authorized by: RC 1309.526

Rule amplifies: RC 1309.511, 1309.519

RC 119.032 Review Dates: 9/20/06