(1) Subject to Section 70A-9a-509, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or, subject to Subsection (5), otherwise amend the information provided in, a financing statement by filing an amendment that: (a) identifies, by its file number, the initial financing statement to which the amendment relates; and (b) if the amendment relates to an initial financing statement filed or recorded in a filing office described in Subsection 70A-9a-501(1)(a), provides: (i) (A) the entry number of the initial financing statement; or (B) the book and page where the initial financing statement was filed or recorded; and (ii) the information specified in Subsection 70A-9a-502(2).
(a) identifies, by its file number, the initial financing statement to which the amendment relates; and
(b) if the amendment relates to an initial financing statement filed or recorded in a filing office described in Subsection 70A-9a-501(1)(a), provides: (i) (A) the entry number of the initial financing statement; or (B) the book and page where the initial financing statement was filed or recorded; and (ii) the information specified in Subsection 70A-9a-502(2).
(i) (A) the entry number of the initial financing statement; or (B) the book and page where the initial financing statement was filed or recorded; and
(A) the entry number of the initial financing statement; or
(B) the book and page where the initial financing statement was filed or recorded; and
(ii) the information specified in Subsection 70A-9a-502(2).
(2) Except as otherwise provided in Section 70A-9a-515, the filing of an amendment does not extend the period of effectiveness of the financing statement.
(3) 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.
(4) 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.
(5) An amendment is ineffective to the extent it: (a) purports to delete all debtors and fails to provide the name of a debtor to be covered by the financing statement; or (b) purports to delete all secured parties of record and fails to provide the name of a new secured party of record.
(a) purports to delete all debtors and fails to provide the name of a debtor to be covered by the financing statement; or
(b) purports to delete all secured parties of record and fails to provide the name of a new secured party of record.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.