45(1)If a secured party with a security interest that is perfected by registration transfers the security interest or a part of it, a financing change statement may be registered to disclose the transfer.

45(2)If a financing change statement is registered under subsection (1) and an interest in part, but not all, of the collateral is transferred, the financing change statement shall include a description of the collateral in which the interest is transferred.

45(3)If a secured party with a security interest that is not perfected by registration transfers the security interest, a financing statement may be registered in which the transferee is disclosed as the secured party.

45(4)After registration of a financing change statement disclosing a transfer of a security interest, the transferee is the secured party for the purposes of this Part.

45(5)A registration disclosing a transfer of a security interest may be registered before or after the transfer.

45(6)If a security interest has been subordinated by the secured party to the interest of another person, a financing change statement may be registered to disclose the subordination at any time during the period that the registration of the subordinated security interest is effective.