Section 9--505. Filing and Compliance with Other Statutes and Treaties

for Consignments, Leases, Other Bailments, and Other

Transactions.

(a) Use of terms other than "debtor" and "secured party." A consignor,
lessor, or other bailor of goods, a licensor, or a buyer of a payment
intangible or promissory note may file a financing statement, or may
comply with a statute or treaty described in Section 9--311(a), using
the terms "consignor", "consignee", "lessor", "lessee", "bailor",
"bailee", "licensor", "licensee", "owner", "registered owner", "buyer",
"seller", or words of similar import, instead of the terms "secured
party" and "debtor".

(b) Effect of financing statement under subsection (a). This part
applies to the filing of a financing statement under subsection (a) and,
as appropriate, to compliance that is equivalent to filing a financing
statement under Section 9--311(b), but the filing or compliance is not
of itself a factor in determining whether the collateral secures an
obligation. If it is determined for another reason that the collateral
secures an obligation, a security interest held by the consignor,
lessor, bailor, licensor, owner, or buyer which attaches to the
collateral is perfected by the filing or compliance.