A "Secured party" is an individual or entity that benefits from a security interest or agricultural lien established under a security agreement, even if no current obligation exists. This can include those who hold liens on agricultural property, consignors, buyers of accounts or promissory notes, or trustees and agents representing interests in secured transactions. It also encompasses those with security interests arising from specific legal provisions related to sales, leases, and banking transactions.

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U.C.C. § 9-102. DEFINITIONS AND INDEX OF DEFINITIONS.:

(73) “Secured party” means:

(A) a person in whose favor a security interest is created or provided for under a security agreement, whether or not any obligation to be secured is outstanding;

(B) a person that holds an agricultural lien;

(C) a consignor;

(D) a person to which accounts, chattel paper, payment intangibles, or promissory notes have been sold;

(E) a trustee, indenture trustee, agent, collateral agent, or other representative in whose favor a security interest or agricultural lien is created or provided for; or

(F) a person that holds a security interest arising under Section 2-401, 2-505, 2-711(3), 2A-508(5), 4-210, or 5-118.

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