New Jersey § 12a:9-505
Full text of New Jersey New Jersey Statutes § 12a:9-505, with citation guidance and answers to common questions.
§ 12a:9-505.
(a) Use of terms other than “debtor” and “secured party.” A consignor, lessor, or other bailor of goods, a licensor, or a buyer of a payment
intangible or promissory note may file a financing statement, or may comply with a
statute or treaty described in 12A:9-311 (a) , using the terms “consignor,” “consignee,” “lessor,” “lessee,” “bailor,” “bailee,”
“licensor,” “licensee,” “owner,” “registered owner,” “buyer,” “seller,” or words of
similar import, instead of the terms “secured party” and “debtor”. (b) Effect of financing statement under subsection (a). This part applies to the filing of a financing statement under subsection (a) and, as appropriate, to compliance that is equivalent to filing a financing statement
under 12A:9-311 (b) , but the filing or compliance is not of itself a factor in determining whether the
collateral secures an obligation. If it is determined for another reason that the collateral secures an obligation,
a security interest held by the consignor, lessor, bailor, licensor, owner, or buyer
which attaches to the collateral is perfected by the filing or compliance.
Frequently Asked Questions About New Jersey § 12a:9-505
What does New Jersey Statutes § 12a:9-505 cover?
Section 12a:9-505 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 12a:9-505?
A common citation format is "New Jersey Statutes § 12a:9-505" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:9-505 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.