Section 9-512 - Amendment of financing statement. - Maryland Statutes

§ 9-512. Amendment of financing statement.
 

(a)  Subject to § 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 

(2) If the amendment relates to an initial financing statement filed or recorded in a filing office described in § 9-501 (a) (1), provides the information specified in § 9-502 (b). 

(b)  Except as otherwise provided in § 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. 
 

[1999, ch. 282, § 2.]