§ 26-1-9.1-512 — Amendment of financing statement

Indiana § 26-1-9.1-512

• Jurisdiction: Indiana
• Title 26: COMMERCIAL LAW
• Art. 1: UNIFORM COMMERCIAL CODE
• Ch. 9.1: Secured Transactions

Text

(a) Subject to IC 26-1-9.1-509, 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
(2) if the amendment relates to an initial financing statement filed
or recorded in a filing office described in IC 26-1-9.1-501(a)(1),
provides the information specified in IC 26-1-9.1-502(b).
(b) Except as otherwise provided in IC 26-1-9.1-515, 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

As added by P.L.57-2000, SEC.45.