2006 Minnesota Code
Chapters 324 - 338 Trade Regulations, Consumer Protection
Chapter 336 Uniform Commercial Code
Section 336.9-512 AMENDMENT OF FINANCING STATEMENT.

336.9-512 AMENDMENT OF FINANCING STATEMENT.
(a) Amendment of information in financing statement. Subject to section 336.9-509, 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 section 336.9-501(a)(1), provides the information specified in section 336.9-502(b).
(b) Period of effectiveness not affected. Except as otherwise provided in section 336.9-515,
the filing of an amendment does not extend the period of effectiveness of the financing statement.
(c) Effectiveness of amendment adding collateral. 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) Effectiveness of amendment adding debtor. 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) Certain amendments ineffective. 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.
History: 2000 c 399 art 1 s 83