§ 28-9-512 — AMENDMENT OF FINANCING STATEMENT

Idaho § 28-9-512

• Jurisdiction: Idaho
• Title 28: COMMERCIAL TRANSACTIONS
• Part 5.: FILING
• Ch. 9: SECURED TRANSACTIONS

Text

(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.

Legislative History

[28-9-512, added 2001, ch. 208, sec. 2, p. 766.]