UCC1 - Financing Statement Addendum - Utah - For use after July 1, 2001. This form permits you to add an additional debtor if necessary to cover collateral as specified in the statement.
The Salt Lake City Utah UCC1 Financing Statement Addendum is a legal document that serves as an attachment or supplement to the UCC1 Financing Statement in Utah. It provides additional information, details, or modifications to the original UCC1 statement, enhancing the accuracy and completeness of the financial records. In Salt Lake City, there are two main types of UCC1 Financing Statement Addendum: 1. Amendment Addendum: This type of addendum is used to make changes or revisions to the original UCC1 Financing Statement. It may involve modifying debtor or secured party information, adding collateral descriptions, or correcting any errors or omissions present in the initial filing. The purpose is to ensure the accuracy and reliability of the financial information. 2. Continuation Addendum: This addendum is utilized to extend the duration of the UCC1 Financing Statement beyond its initial expiration date. As the initial UCC1 filing has a defined time limit, the continuation addendum guarantees that the statement remains effective and enforceable, preserving the rights and priority position of the secured party concerning the collateral described. It is important to note that both types of addenda require meticulous attention to detail and compliance with Utah's specific UCC filing regulations. The Salt Lake City Utah UCC1 Financing Statement Addendum must contain essential information such as debtor and secured party names, addresses, UCC filing numbers, and detailed descriptions of collateral involved. By utilizing these addenda, individuals, businesses, or financial institutions in Salt Lake City can effectively maintain accurate and up-to-date UCC1 Financing Statements, ensuring the legal protection and priority status of their security interests.The Salt Lake City Utah UCC1 Financing Statement Addendum is a legal document that serves as an attachment or supplement to the UCC1 Financing Statement in Utah. It provides additional information, details, or modifications to the original UCC1 statement, enhancing the accuracy and completeness of the financial records. In Salt Lake City, there are two main types of UCC1 Financing Statement Addendum: 1. Amendment Addendum: This type of addendum is used to make changes or revisions to the original UCC1 Financing Statement. It may involve modifying debtor or secured party information, adding collateral descriptions, or correcting any errors or omissions present in the initial filing. The purpose is to ensure the accuracy and reliability of the financial information. 2. Continuation Addendum: This addendum is utilized to extend the duration of the UCC1 Financing Statement beyond its initial expiration date. As the initial UCC1 filing has a defined time limit, the continuation addendum guarantees that the statement remains effective and enforceable, preserving the rights and priority position of the secured party concerning the collateral described. It is important to note that both types of addenda require meticulous attention to detail and compliance with Utah's specific UCC filing regulations. The Salt Lake City Utah UCC1 Financing Statement Addendum must contain essential information such as debtor and secured party names, addresses, UCC filing numbers, and detailed descriptions of collateral involved. By utilizing these addenda, individuals, businesses, or financial institutions in Salt Lake City can effectively maintain accurate and up-to-date UCC1 Financing Statements, ensuring the legal protection and priority status of their security interests.
