---
title: O.C.G.A. § 11-9-514. Assignment of powers of secured party of record.
collection: code
id: 11-9-514
cite_as: O.C.G.A. § 11-9-514 (2025)
canonical_url: https://georgiacommons.org/code/11-9-514
md_url: https://georgiacommons.org/code/11-9-514.md
text_url: https://georgiacommons.org/code/11-9-514/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t11-(v9)-2022-pdf.pdf?sfvrsn=b5451bbd_0#page=879
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: COMMERCIAL CODE / SECURED TRANSACTIONS / FILING
---

# O.C.G.A. § 11-9-514. Assignment of powers of secured party of record.

(a) Assignment reflected on initial financing statement. An initial financing statement may reflect an assignment of all of the secured party’s power to authorize an amendment to the financing statement by providing the name and mailing address of the assignee as the name and address of the secured party.

(b) Assignment of filed financing statement. A secured party of record may assign of record all or part of its power to authorize an amendment to a financing statement by filing in the filing office an amendment of the financing statement which:

(1) Identifies, by its file number, the initial financing statement to which it relates;

(2) Provides the name of the assignor; and

(3) Provides the name and mailing address of the assignee.

## History

Code 1981, § 11-9-514, enacted by Ga. L. 2001, p. 362, § 1.

## Law Reviews

For article, “Security Transfers by Secured Parties,” see 4 Ga. L. Rev. 527 (1970).