| 2. Assignments. This section provides a permissive device |
whereby a secured party of record may effectuate an assignment of |
its power to affect a financing statement. It may also be useful |
for a secured party who has assigned all or part of its security |
interest or agricultural lien and wishes to have the fact noted |
of record, so that inquiries concerning the transaction would be |
addressed to the assignee. See Section 9-502 [Maine cite section |
9-1502], Comment 2. Upon the filing of an assignment, the |
assignee becomes the "secured party of record" and may authorize |
the filing of a continuation statement, termination statement, or |
other amendment. Note that under Section 9310(c) [Maine cite |
section 9-1310, subsection (3)] no filing of an assignment is |
required as a condition of continuing the perfected status of the |
security interest against creditors and transferees of the |
original debtor. However, if an assignment is not filed, the |
assignor remains the secured party of record, with the power |
(even if not the right) to authorize the filing of effective |
amendments. See Sections 9-511(c), 9-509(d) [Maine cite section |
9-1511, subsection (3), section 9-1509, subsection (4)]. |