Document ID: chunk:federal_register_of_legislation:C2024C00719:section:149
Version: federal_register_of_legislation:C2024C00719
Segment Type: section
Provision Reference: s 149
Character Range: 261272–262224

149  Guide to this Part

      A person may apply to the Registrar to register a financing statement, or a financing change statement, with respect to a security interest or certain personal property.
      A registration may perfect a security interest, which may give the secured party an advantage under this Act in enforcing the interest.
      A person must not make an application with respect to a security interest unless the person believes on reasonable grounds that the security interest is, or will be, held by a person stated in the application to be a secured party.
      This Part also deals with verification statements, which verify the registration of financing statements and financing change statements.
      The Registrar is responsible for giving verification statements to secured parties, who must give notice of the statements to grantors.
      Publication may be used as an alternative to giving verification statements.