Current through the 2024 Legislative Session
Section 57A-9-512 - Procedure for amending financing statement-Effectiveness(a) Subject to § 57A-9-509, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or, subject to subsection (e), 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 either the social security number or internal revenue service taxpayer identification number of the debtor; and(2) If the amendment relates to an initial financing statement filed or recorded in a filing office described in § 57A-9-501(a)(1), provides the date and time that the initial financing statement was filed or recorded and the information specified in § 57A-9-502(b).(b) Except as otherwise provided in § 57A-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 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.