4-9-512. Amendment of financing statement.
209 words·~1 min read·
/co/title-4-uniform-commercial-code/article-9-secured-transactions/4-9-512·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Subject to section 4-9-509, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or, subject to subsection
(e)of this section, otherwise amend the information provided in, a financing statement by filing an amendment that:
(1)Identifies, by file number, the initial financing statement to which the amendment relates; and
(2)Provides the date that the initial financing statement was filed or recorded.
(b)Except as otherwise provided in section 4-9-515, the filing of an amendment does not extend the period of effectiveness of the financing statement.
(c)A financing statement that is amended by an amendment that adds collateral is effective as to the added collateral only from the date of the filing of the amendment.
(d)A financing statement that is amended by an amendment that adds a debtor is effective as to the added debtor only from the date of the filing of the amendment.
(e)An amendment is ineffective to the extent it:
(1)Purports to delete all debtors and fails to provide the name of a debtor to be covered by the financing statement; or
(2)Purports to delete all secured parties of record and fails to provide the name of a new secured party of record.