|
      
step 3 - Change
or Continue
Prepare an
Amendment, Assignment or Continuation for Filing
|
Filing
Number, Some Provisions on Effectiveness |
| When
filing an amendment or correction to a previously filed financial
statement, the filing number of the related initial financing
statement must be given. |
|
§46-9-512
§46-9-516(c)
§46-9-518(b) |
| An
amendment does not affect or extend the period of effectiveness of
the filing unless it is also identified as a continuation. |
For
example, if after one year and additional debtor is added, the
statement will still expire four years later on the original
expiration date, unless continued. |
§46-9-512(b)
§46-9-515 |
| An
amendment will not be effective to the extent it would delete all
debtors or all secured parties. |
For
example, if an amendment listed no debtors but amended the
collateral, the original debtor or debtors would remain, but the
collateral would change. |
§46-9-512(d) |
An
amendment adding new collateral is only effective as to the new
collateral from the filing date of the amendment.
|
|
§46-9-512(c) |
| An
amendment adding a new debtor is only effective as to the new
debtor from the filing date of the amendment. |
|
§46-9-512(d) |
| A
continuation is only effective if it is filed within six months
before the expiration of the applicable period (five years for
most goods; forty years for public finance or manufactured home
transaction). |
|
§46-9-515(d) |
| To
delete a previous debtor and add a new debtor, specify the action
taken for each debtor. |
Adding
a new debtor will not automatically remove a previous debtor. |
§46-9-516(b)(5) |
| To
add a debtor, follow the same rules about the debtor name and
address as for an initial filing. |
|
§46-9-516(b)(5) |
|
Secured
Party Information |
| To
delete a previous secured party name, show the old name with
instructions to delete. Filings deleting all secured parties are
ineffective. |
If
the old name is not specifically deleted, that party will remain a
secured party of record. |
§46-9-511(c)
§46-9-512(e) |
| To
add a new secured party, list the new name and address with
instructions to add. |
|
§46-9-516(b)(4) |
| To
assign all or part of the secured party's interest, list the
assignor's name (the previous secured party), the assignee's name
(the new secured party), and specify the rights being assigned. |
|
§46-9-514(b) |
| To
add or delete collateral, specify the collateral subject to the
change. |
Previously
listed collateral will not be affected unless a change is
specified. |
§46-9-512 |
Choose another
step...
step 1
(find who files)
step
2 (determine where to file)
step 3 (prepare the filing) File
New Amend,
Continue, Assign Terminate
step
4 (complete the form & file)
|
