Current through the 2024 Regular Session
Section 28-9-512 - AMENDMENT OF FINANCING STATEMENT(a) Subject to section 28-9-509, 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 its file number, the initial financing statement to which the amendment relates; and(2) If the amendment relates to an initial financing statement filed or recorded in a filing office described in section 28-9-501(a)(1), provides the information specified in section 28-9-502(b).(b) Except as otherwise provided in section 28-9-515, 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.[28-9-512, added 2001, ch. 208, sec. 2, p. 766.]