Section 9--511. Secured Party of Record.

(a) Secured party of record. A secured party of record with respect to
a financing statement is a person whose name is provided as the name of
the secured party or a representative of the secured party in an initial
financing statement that has been filed. If an initial financing
statement is filed under Section 9--514(a), the assignee named in the
initial financing statement is the secured party of record with respect
to the financing statement.

(b) Amendment naming secured party of record. If an amendment of a
financing statement which provides the name of a person as a secured
party or a representative of a secured party is filed, the person named
in the amendment is a secured party of record. If an amendment is filed
under Section 9--514(b), the assignee named in the amendment is a
secured party of record.

(c) Amendment deleting secured party of record. A person remains a
secured party of record until the filing of an amendment of the
financing statement which deletes the person.