Section 9--514. Assignment of Powers of Secured Party of Record.

(a) Assignment reflected on initial financing statement. Except as
otherwise provided in subsection (c), an initial financing statement may
reflect an assignment of all of the secured party's power to authorize
an amendment to the financing statement by providing the name and
mailing address of the assignee as the name and address of the secured
party.

(b) Assignment of filed financing statement. Except as otherwise
provided in subsection (c), a secured party of record may assign of
record all or part of its power to authorize an amendment to a financing
statement by filing in the filing office an amendment of the financing
statement which:

(1) identifies, by its file number, the initial financing

statement to which it relates;

(2) provides the name of the assignor; and

(3) provides the name and mailing address of the assignee.

(c) Assignment of record of mortgage. An assignment of record of a
security interest in a fixture covered by a record of a mortgage which
is effective as a financing statement filed as a fixture filing under
Section 9--502(c) may be made only by an assignment of record of the
mortgage in the manner provided by law of this state other than this
chapter.