Download as PDF
355.9-512 Amendment of financing statement.
(1)
(2)
(3)
(4)
(5)
Subject to KRS 355.9-509, a person may add or delete collateral covered by,
continue or terminate the effectiveness of, or, subject to subsection (5) of this
section, 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 in a filing
office described in KRS 355.9-501(1)(a), provides the information specified
in KRS 355.9-502(2).
Except as otherwise provided in KRS 355.9-515, the filing of an amendment does
not extend the period of effectiveness of the financing statement.
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.
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.
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.
Effective: July 1, 2001
History: Created 2000 Ky. Acts ch. 408, sec. 103, effective July 1, 2001.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
