New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 33 - UNIFORM COMMERCIAL CODE RULES › Subchapter 1 - GENERAL PROVISIONS › Section 17:33-1.2 - Definitions

Current through Register Vol. 56, No. 14, July 15, 2024
The following words and terms, when used in this chapter,
				  shall have the following meanings, unless the context clearly indicates
				  otherwise.
"Amendment" means a UCC filing that purports to amend the
				  information in a financing statement. Amendments include assignments,
				  continuations, and terminations.
"Assignment" is an amendment that purports to reflect an
				  assignment of all or a part of a secured party's power to authorize an
				  amendment to a financing statement.
"Continuation" means an amendment that purports to continue
				  the effectiveness of a financing statement.
"Correction statement" means a written statement that
				  purports to indicate that a financing statement is inaccurate or wrongfully
				  filed.
"Decipher" means being able to read and index information
				  presented on a UCC filing or work order with sufficient clarity to effect
				  either a filing or search request within the meaning of the Uniform Commercial
				  Code system.
"Document" means any document associated with a filed
				  financing statement, correction statement, or amendment.
"DORES" means the Division of Revenue and Enterprise
				  Services, within the Department of the Treasury.
"Filing Office" means the Department of the Treasury,
				  Division of Revenue and Enterprise Services.
"Filing Officer" means the Treasurer of the State of New
				  Jersey.
"Filing number" or "File number" means the unique identifying
				  information assigned to an initial financing statement by DORES for the purpose
				  of identifying the financing statement and UCC filings relating to the
				  financing statement in DORES' information management system. The filing number
				  bears no relation to the time of filing and is not an indicator of
				  priority.
"Financing statement" means a record or records composed of
				  an initial financing statement and any filed record(s) relating to the initial
				  financing statement.
"Individual" means a human being, or a decedent, in the case
				  of a debtor that is such decedent's estate.
"Initial financing statement" means a UCC document that does
				  not identify itself as an amendment or identify an initial financing statement
				  to which it relates, as required at
				  N.J.S.A.
				  12A:9-512, 514, or 518.
"Organization" means a legal person who is not an individual
				  pursuant to this subchapter.
"Remitter" means a person who tenders a UCC filing to DORES
				  for filing, whether the person is a filer or an agent of a filer responsible
				  for tendering the filing. "Remitter" does not include a person responsible
				  merely for the delivery of the document to DORES, such as the postal service or
				  a courier service, but does include a service provider who acts as a filer's
				  representative in the filing process.
"Secured party of record" means, with respect to a financing
				  statement, a person whose name is provided as the name of a secured party or a
				  representative of the secured party in an initial financing statement that has
				  been filed. If an initial financing statement is filed pursuant to
				  N.J.S.A.
				  12A:9-514.a, the assignee named in the
				  initial financing statement is the secured party of record with respect to the
				  financing statement. If an amendment of a financing statement which provides
				  the name of a person as a secured party or a representative of a secured party
				  is filed, the person named in the amendment is a secured party of record. If an
				  amendment is filed pursuant to
				  N.J.S.A.
				  12A:9-514.b, the assignee named in the
				  amendment is a secured party of record. A person remains a secured party of
				  record until the filing of an amendment of the financing statement, which
				  deletes the person.
"Termination" means an amendment intended to indicate that
				  the related financing statement has ceased to be effective with respect to the
				  secured party authorizing the termination.
"UCC" means the Uniform Commercial Code as adopted in this
				  State at N.J.S.A. 12A:9-1et seq.
"UCC filing" means an initial financing statement, an
				  amendment, an assignment, a continuation, a termination, or a correction
				  statement. The word "filing" shall not be deemed to refer exclusively to paper
				  or paper-based writings. UCC filings may be expressed or transmitted
				  electronically or through media other than such writings.