1. (1) Upon the filing of an amendment the status of the parties shall be unchanged, except that:

   1. (a) When an amendment adds a debtor or a secured party, the new debtor or secured party shall be added to appropriate index and associated with the record of the financing statement in the UCC information management system; and
   2. (b) An amendment that designates an assignee shall cause the assignee to be added as a secured party of record with respect to the affected financing statement in the UCC information management system.

2. (2)(a) Notwithstanding the filing of an amendment that deletes a debtor or a secured party from a financing statement, no debtor or secured party of record is deleted from the UCC information management system.

   1. (b) A deleted secured party will still be treated by the filing office as a secured party of record as the filing office cannot verify the effectiveness of an amendment.
3. (3) Except when a continuation statement, the filing of an amendment does not affect the status of the financing statement.

KEY: banking, equipment leasing, filing documents

Date of Last Change: September 21, 2022

Notice of Continuation: November 12, 2025

Authorizing, and Implemented or Interpreted Law: 70A-9a et seq.