2006 New Mexico Statutes - 55-9-512 — Amendment of financing statement.

55-9-512. Amendment of financing statement.

(a)     Subject to Section 55-9-509 NMSA 1978, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or, subject to Subsection (e) of this section, 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 in a county clerk's office, provides the information specified in Subsection (b) of Section 55-9-502 NMSA 1978.   

(b)     Except as otherwise provided in Section 55-9-515 NMSA 1978, 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.