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Can you summarize NHRS 382-A:9-512?
UNIFORM COMMERCIAL CODE > Amendment of Financing Statement.
Short Summary
This legal document governs the process of amending a financing statement. It applies to persons who have previously filed a financing statement and need to make changes to the information provided in the statement. The amendment can involve adding or deleting collateral, continuing or terminating the effectiveness of the statement, or making other amendments. The amendment must identify the initial financing statement to which it relates or provide specific information if the initial financing statement was filed in a certain type of filing office. The amendment does not extend the period of effectiveness of the financing statement, and any added collateral or debtor is effective from the date of filing the amendment. However, certain amendments are ineffective if they fail to provide the name of a debtor or a new secured party of record. Additionally, an amendment that continues the effectiveness of a financing statement cannot contain an assignment or amendment of any other information, except for the description of collateral. Overall, this document provides guidelines for making amendments to financing statements in accordance with the Uniform Commercial Code.
Whom does it apply to?
Persons who have filed a financing statement and wish to make changes to the information provided in the statement
What does it govern?
Amendment of Financing Statement
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
New Hampshire