Ask Reggi Your Question Now
Can you summarize NVRS 104.9512?
Uniform Commercial CodeOriginal Articles > Amendment of financing statement.
Short Summary
This legal document governs the process of amending a financing statement. It allows a person to add or delete collateral, continue or terminate the effectiveness, or otherwise amend the information provided in a financing statement. The amendment must identify the initial financing statement by its file number and provide the date of filing or recording, along with the specified information. The filing of an amendment does not extend the period of effectiveness of the financing statement, except as otherwise provided. An amendment that adds collateral or a debtor is effective only from the date of filing. However, an amendment is ineffective if it attempts to delete all debtors without providing a name of a debtor to be covered or attempts to delete all secured parties without providing the name of a new secured party. No exemptions or penalties are mentioned in this document.
Whom does it apply to?
Persons who wish to add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information provided in a financing statement
What does it govern?
Amendment of financing statement
What are exemptions?
None mentioned
What are the Penalties?
No penalties mentioned
Jurisdiction
Nevada