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Last modified
8/15/2009 11:41:22 AM
Creation date
9/30/2006 8:12:32 PM
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Template:
Legislation
Bill Number
SB95-091
Year
1995
Title
Concerning Filings to Perfect Security Interests and in Connection Therewith Creating a Central Indexing System and Making Appropriations
Legislation - Doc Type
Other CWCB Related Bills - Passed
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<br />') <br /> <br />shall index the assignment of the financing statement Under the <br />name of the assignee. Notwithstanding the provisions of this <br />subsection (2), an assignment of record of a security interest in <br />a fixture contained in a mortgage effective as a fixture fil ing <br />(subsection (6) of section 4-9-402) may be made only by an <br />assignment of the .mortgage in the manner provided by the law of <br />this state other than this code. . <br /> <br />SECTION 7. 4-9~406, Colorado Revi sed Statutes, 1992 Rep 1. <br />Vo 1., is amended to read: ' <br /> <br />4-9-406. Release. of collateral - duties of filing officer. <br />A secured party of record may by his signe~ statement release all <br />or a part of any co 11 atera 1 descri bed in a filed fi nancing <br />statement. The statemeht of release is sufficient if it contains <br />a descri pt i on of the co 11 atera 1 bei ng rel eased, the name and <br />address of the debtor, the name and address of the secured party, <br />and the fil e number of the fi nancing statement. (I. statement af <br />release sigAc~ by a ~ersan ather than thc secure~ ~arty af'recar~ <br />sha 11 be accam~aA i e~ by a se~arate '::ritten statement af assigAlllent <br />sigAe~ by the secured ~arty af recar~ an~ cam~l)'iAg \:ith <br />subsectian (2) af sectiaA' ~ 9 ~95, iAc1u~in!i ~aYllleAt' af the <br />re(juire~ fee. Upon presentation of such a statement of release to <br />the filing officer, fle THE FlUNG OFFICER shall mark the statement <br />wi th the hour and date of fili ng andsha 11 note the same upon the <br />margin of the index of the filing of the financing statement; <br /> <br />SECTION 8. 4-9-410, Colorado Revised Statutes, 1992 Rep1. <br />'Vol., is repealed as follows: <br /> <br />---- -4=9=1r1K -'forms toile prescrl beaDy secretary of sta~ <br />filiAgs re(juire~ by this article ta be fi1c~ iA the afficc af the <br />sccretary af state shall be ty~e..:ritten aA farms '.:hich shall be <br />~rescribed by the secretary af state. Wawever, aAY fi1iAg re(juired <br />~ursuaAt ta this sectiaA may be ~reseAted iA haAdwritten farm to <br />the secretary af state with a statemeAt that the filer~oes Aot <br />Rave access ta. a ty~e~:riter ar is Aat. ca~able of ty~iAg the <br />aaCymeAt. IA such case, the secretary af state ',:ill cause the <br />~rescribed farm ta be ty~ed. aAd retllrned far signature. to the <br />fil er. Such farm wi 11 theA be aC~l3te~ far fil i AE u~aA recetf!t <br />af the ty~e~ aAd signed dacument by the secretary af state. <br /> <br />SECTION 9. 4-9-411 (8), Colorado Revised Statutes, 1992 <br />Repl. Vol., as amended, is amended to read: <br /> <br />4-9-411. Committee to make recommendation concerning <br />implementation of filing system - legislative. declaration - <br />repeal. (8) This section is repe.aled, effective July 1, 1995 <br />DECEMBER 31, 1996. HOWEVER, IF ALL MEMBERS OF THE CENTRAL <br />INDEXING SYSTEM BOARD CREATED IN SECTION 4-9.3-103 ARE APPOINTED <br />BEFORE DECEMBER 31, .1996, THE COMMITTEE CREATED IN THIS SECTION <br />SHALL CEASE TO EXIST AND SHALL CEASE PERFORMING ITS FUNCTIONS ON <br /> <br />) PAGE 7-SENATE BILL 95-91 <br /> <br />) <br />
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