Michigan Administrative Code
Department - State
Office of Customer Services
Uniform Commercial Code Filing Office
Part 3 - UCC INFORMATION MANAGEMENT SYSTEM
Section R. 440.308 - Assignment of powers of secured party of record
Universal Citation: MI Admin Code R. 440.308
Current through Vol. 24-16, September 15, 2024
Rule 308. Upon the filing of an assignment, the status of the parties and the status of the financing statement shall be as follows:
(a) An assignment shall have no effect on the status of the parties to the financing statement, except that each assignee named in the assignment shall become a secured party of record.
(b) An assignment shall have no effect upon the status of the financing statement.
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