§ 41-09-83 — (9-512) Amendment of financing statement

North Dakota § 41-09-83

• Jurisdiction: North Dakota
• Title 41: Uniform Commercial Code
• Ch. 41-09: Secured Transactions

Text

1. Subject to section 41-09-80, a person may add or delete collateral covered by,
continue or terminate the effectiveness of, or, subject to subsection 5, otherwise
amend the information provided in, a financing statement by filing an amendment that:
a. Identifies, by its file number, the initial financing statement to which the
amendment relates; and
b. If the amendment relates to an initial financing statement filed or recorded in a
filing office described in subdivision a of subsection 1 of section 41-09-72,
provides the information specified in subsection 2 of section 41-09-73.

2. Except as otherwise provided in section 41-09-86, the filing of an amendment does not
extend the period of effectiveness of the financing statement.
3. 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. 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. An amendment is ineffective to the extent it:
a. Purports to delete all debtors and fails to provide the name of a debtor to be
covered by the financing statement; or
b. Purports to delete all secured parties of record and fails to provide the name of a
new secured party of record.