Amendment of financing statement

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  1. (a) Subject to § 4-9-509, 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. (1) identifies, by its file number, the initial financing statement to which the amendment relates; and

    2. (2) if the amendment relates to an initial financing statement filed in a filing office described in § 4-9-501(a) (1), provides the date and time that the initial financing statement was filed and the information specified in § 4-9-502(b).

  2. (b) Except as otherwise provided in § 4-9-515, the filing of an amendment does not extend the period of effectiveness of the financing statement.

  3. (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.

  4. (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.

  5. (e) An amendment is ineffective to the extent it:

    1. (1) purports to delete all debtors and fails to provide the name of a debtor to be covered by the financing statement; or

    2. (2) purports to delete all secured parties of record and fails to provide the name of a new secured party of record.


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