Section 28:9-408 - Financing statements covering consigned or leased goods

Financing statements covering consigned or leased goods

A consignor or lessor of goods may file a financing statement using the terms “consignor,” “consignee,” “lessor,” “lessee,” or the like instead of the terms specified in section 28:9-402. The provisions of this part shall apply as appropriate to such a financing statement but its filing shall not of itself be a factor in determining whether or not the consignment or lease is intended as security (section 28:1-201 (37)). However, if it is determined for other reason that the consignment or lease is so intended, a security interest of the consignor or lessor which attaches to the consigned or leased goods is perfected by such filing.

CREDIT(S)

(Mar. 16, 1982, D.C. Law 4-85, § 35, 29 DCR 309.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications
1981 Ed., § 28:9-408.
Legislative History of Laws
For legislative history of D.C. Law 4-85, see Historical and Statutory Notes following § 28:9-102.
For Law 13-201, see notes following § 28:9-101.

Current through September 13, 2012