Section 104.245 - Effect of amendment to financing statement1. An amendment to a financing statement affects the status of the debtors and secured parties as follows:(a) An amendment that amends only the description of collateral or one or more addresses has no effect on the status of any debtor or secured party. If such an amendment:(1) Is authorized by less than all of the secured parties, the amendment affects only the interests of each authorizing secured party.(2) Adds collateral and is authorized by less than all of the debtors, the amendment affects only the interests of each authorizing debtor.(b) An amendment that changes a debtor's name has no effect on the status of any debtor or secured party, except that the related initial financing statement and all related UCC documents that include an identification of the initial financing statement will be cross-indexed in the information management system so that a search under either the debtor's old name or the debtor's new name will reveal the initial financing statement and the related UCC documents. Such an amendment affects only the rights of its authorizing secured parties.(c) An amendment that changes the name of a secured party has no effect on the status of any debtor or any secured party, but the new name will be added to the index as if the name were a new secured party of record.(d) An amendment that adds the name of a new debtor has no effect on the status of any party to the financing statement, except that the name of the new debtor will be added as a new debtor on the financing statement. The addition affects only the rights of the secured parties authorizing the amendment.(e) An amendment that adds a new secured party has no effect on the status of any party to the financing statement, except that the name of the new secured party will be added as a new secured party on the financing statement.(f) An amendment that deletes a debtor has no effect on the status of any party to the financing statement, even if the amendment purports to delete all debtors.(g) An amendment that deletes a secured party of record has no effect on the status of any party to the financing statement, even if the amendment purports to delete all secured parties of record.2. An amendment has no effect on the status of the financing statement, except that a continuation may extend the period of effectiveness of the financing statement.Nev. Admin. Code § 104.245
Added to NAC by Sec'y of State by R084-01, eff. 10-30-2001