400.9-512. Amendment of financing statement. - Missouri Statutes

Amendment of financing statement.

400.9-512. (a) Subject to section 400.9-509, a person may add ordelete 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 statementto which the amendment relates; and

(2) If the amendment relates to an initial financing statement filedor recorded in a filing office described in section 400.9-501(a)(1),provides the information specified in section 400.9-502(b).

(b) Except as otherwise provided in section 400.9-515, the filing ofan amendment does not extend the period of effectiveness of the financingstatement.

(c) A financing statement that is amended by an amendment that addscollateral is effective as to the added collateral only from the date ofthe filing of the amendment.

(d) A financing statement that is amended by an amendment that adds adebtor is effective as to the added debtor only from the date of the filingof the amendment.

(e) An amendment is ineffective to the extent it:

(1) Purports to delete all debtors and fails to provide the name of adebtor to be covered by the financing statement; or

(2) Purports to delete all secured parties of record and fails toprovide the name of a new secured party of record.

(L. 2001 S.B. 288)

Effective 7-01-01