§490:9-405 Assignment of security interest; duties of filing officer; fees. (1) A financing statement may disclose an assignment of a security interest in the collateral described in the financing statement by indication in the financing statement of the name and address of the assignee or by an assignment itself or a copy thereof on the face or back of the statement. On presentation to the filing officer of such financing statement the filing officer shall process the same as provided in section 490:9-403(4). Unless otherwise provided by rules established by the department of land and natural resources, pursuant to chapter 91, the fee for filing, indexing and furnishing filing data for a financing statement so indicating an assignment shall be $10.

(2) A secured party may assign of record all or a part of the secured party's rights under a financing statement by the filing of a separate written statement of assignment signed by the secured party of record. Such statement shall set forth the name of the secured party of record and the debtor, the name and address of the assignee, the date of filing of the financing statement and the book and page or document number and shall contain a description of the collateral assigned. A copy of the assignment is sufficient as a separate statement if it complies with the preceding sentence. The filing officer, upon presentation of such a separate statement, shall record and index such separate statement in the manner provided in chapter 502. Unless otherwise provided by rules established by the department of land and natural resources, pursuant to chapter 91, the fee for filing, indexing and furnishing filing data about such a separate statement of assignment shall be $10.

(3) After the disclosure or filing of an assignment under this section, the assignee is the secured party of record. [L 1965, c 208, §9-405; am L 1966, c 18, §2(h), (i); am L 1967, c 79, §1(e), (f); HRS §490:9-405; am L 1978, c 155, §1(28); am L 1989, c 47, §5]