§490:9-406 Release of collateral; duties of filing officer; fees. A secured party of record may by the secured party's signed statement release all or a part of any collateral described in a filed financing statement. The statement of release is sufficient if it contains a description of the collateral being released, the name and address of the debtor, the name and address of the secured party, and the book and page or document number of the financing statement. A statement of release signed by a person other than the secured party of record must be accompanied by a separate written statement of assignment signed by the secured party of record and complying with subsection (2) of section 490:9-405, including payment of the required fee. The filing officer, upon representation of such statement of release shall record and index such 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 and noting such a statement of release shall be $10. [L 1965, c 208, §9-406; am L 1966, c 18, §2(j); am L 1967, c 79, §1(g); HRS §490:9-406; am L 1978, c 155, §1(29); am L 1989, c 47, §6]