§ 25-9-502. Contents of financing statement; record of mortgage as financing statement; time of filing financing statement.
§25‑9‑502. Contents of financing statement; record of mortgage asfinancing statement; time of filing financing statement.
(a) Sufficiency offinancing statement. Subject to subsection (b) of this section, a financingstatement is sufficient only if it:
(1) Provides the name ofthe debtor;
(2) Provides the name ofthe secured party or a representative of the secured party; and
(3) Indicates thecollateral covered by the financing statement.
(b) Real‑property‑relatedfinancing statements. Except as otherwise provided in G.S. 25‑9‑501(b),to be sufficient, a financing statement that covers as‑extractedcollateral or timber to be cut, or which is filed as a fixture filing andcovers goods that are or are to become fixtures, must satisfy subsection (a) ofthis section and also:
(1) Indicate that itcovers this type of collateral;
(2) Indicate that it isto be filed in the real property records;
(3) Provide adescription of the real property to which the collateral is related; and
(4) If the debtor doesnot have an interest of record in the real property, provide the name of arecord owner.
(c) Record of mortgageas financing statement. A record of a mortgage is effective, from the date ofrecording, as a financing statement filed as a fixture filing or as a financingstatement covering as‑extracted collateral or timber to be cut only if:
(1) The record indicatesthe goods or accounts that it covers;
(2) The goods are or areto become fixtures related to the real property described in the record or thecollateral is related to the real property described in the record and is as‑extractedcollateral or timber to be cut;
(3) The record satisfiesthe requirements for a financing statement in this section other than anindication that it is to be filed in the real property records; and
(4) The record is dulyrecorded.
(d) Filing beforesecurity agreement or attachment. A financing statement may be filed before asecurity agreement is made or a security interest otherwise attaches. (1899,cc. 17, 247; 1901, cc. 329, 704; 1903, c. 489; 1905, cc. 226, 319; Rev., s.2055; 1907, c. 843; 1909, c. 532; P.L. 1913, c. 49; C.S., s. 2490; 1925, c.285, s. 1; 1931, c. 196; 1933, c. 101, s. 6; 1945, c. 182, s. 2; c. 196, s. 2;1951, c. 926, s. 1; 1955, c. 386, s. 1; 1957, c. 564; 1961, c. 574; 1965, c.700, s. 1; 1969, c. 1115, s. 1; 1975, c. 862, s. 7; 1983 (Reg. Sess., 1984), c.1116, s. 43; 1989, c. 523, s. 7; 2000‑169, s. 1.)