- (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.
Source: SL 2000, ch 231 .