Arizona Laws 47-9505. Filing and compliance with other statutes and treaties for consignments, leases, other bailments and other transactions
A. 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 section 47-9311, subsection 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".
Terms Used In Arizona Laws 47-9505
- Collateral: means the property subject to a security interest or agricultural lien. See Arizona Laws 47-9102
- Consignor: means a person that delivers goods to a consignee in a consignment. See Arizona Laws 47-9102
- Financing statement: means a record or records composed of an initial financing statement and any filed record relating to the initial financing statement. See Arizona Laws 47-9102
- Goods: means all things that are movable when a security interest attaches. See Arizona Laws 47-9102
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Payment intangible: means a general intangible under which the account debtor's principal obligation is a monetary obligation. See Arizona Laws 47-9102
- Promissory note: means an instrument that evidences a promise to pay a monetary obligation, does not evidence an order to pay and does not contain an acknowledgment by a bank that the bank has received for deposit a sum of money or funds. See Arizona Laws 47-9102
- Statute: A law passed by a legislature.
B. This article applies to the filing of a financing statement under subsection A of this section and, as appropriate, to compliance that is equivalent to filing a financing statement under section 47-9311, subsection 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 that attaches to the collateral is perfected by the filing or compliance.