New Jersey § 12a:9-509
Full text of New Jersey New Jersey Statutes § 12a:9-509, with citation guidance and answers to common questions.
§ 12a:9-509.
(a) Person entitled to file record. A person may file an initial financing statement, amendment that adds collateral
covered by a financing statement, or amendment that adds a debtor to a financing statement
only if: (1) the debtor authorizes the filing in an authenticated record or pursuant to subsection (b) or (c) ; or (2) the person holds an agricultural lien that has become effective at the time of
filing and the financing statement covers only collateral in which the person holds
an agricultural lien. (b) Security agreement as authorization. By authenticating or becoming bound as debtor by a security agreement, a debtor
or new debtor authorizes the filing of an initial financing statement, and an amendment,
covering: (1) the collateral described in the security agreement; and (2) property that becomes collateral under 12A:9-315 (a) (2), whether or not the security agreement expressly covers proceeds. (c) Acquisition of collateral as authorization. By acquiring collateral in which a security interest or agricultural lien continues
under 12A:9-315 (a) (1), a debtor authorizes the filing of an initial financing statement, and an amendment,
covering the collateral and property that becomes collateral under 12A:9-315 (a) (2). (d) Person entitled to file certain amendments. A person may file an amendment other than an amendment that adds collateral covered
by a financing statement or an amendment that adds a debtor to a financing statement
only if: (1) the secured party of record authorizes the filing; or (2) the amendment is a termination statement for a financing statement as to which
the secured party of record has failed to file or send a termination statement as
required by 12A:9-513 (a) or (c) , the debtor authorizes the filing, and the termination statement indicates that the
debtor authorized it to be filed. (e) Multiple secured parties of record. If there is more than one secured party of record for a financing statement, each
secured party of record may authorize the filing of an amendment under subsection (d) .
Frequently Asked Questions About New Jersey § 12a:9-509
What does New Jersey Statutes § 12a:9-509 cover?
Section 12a:9-509 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:9-509?
A common citation format is "New Jersey Statutes § 12a:9-509" (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:9-509 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.