Middlesex Massachusetts UCC1 Financing Statement Addendum

• Category: Massachusetts Secretary of State - Uniform Commercial Code
• State: Massachusetts
• County: Middlesex
• Control #: MA-UCC1-A
• Format: PDF

Description

UCC1 - Financing Statement Addendum - Massachusetts - 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 Middlesex Massachusetts UCC1 Financing Statement Addendum is a crucial document in the realm of commercial transactions and secured transactions' law. It serves as an annex to the UCC1 Financing Statement, providing additional details and essential information regarding the secured party's interest in the debtor's collateral. This addendum is filed with the Secretary of the Commonwealth of Massachusetts to perfect a security interest in personal property. Keywords: Middlesex Massachusetts UCC1 Financing Statement Addendum, UCC1 Financing Statement, collateral, secured party, Secretary of the Commonwealth, commercial transactions, secured transactions' law, perfecting security interest, personal property. There are different types of Middlesex Massachusetts UCC1 Financing Statement Addendum, including: 1. General Addendum: This type of addendum includes general information regarding the secured creditor, debtor, and the UCC1 Financing Statement to which it is attached. It specifies the collateral and may provide additional terms and conditions regarding the security interest, such as modifications or revisions. 2. Amendments Addendum: This addendum is filed when there are changes or amendments to the original UCC1 Financing Statement. It helps update or correct previously filed information, ensuring accuracy and legal compliance. Amendments may pertain to alterations in the collateral, change in debtor's information, or other relevant amendments. 3. Continuation Addendum: When the initial UCC1 Financing Statement approaches its expiration date (typically 5 years), a continuation addendum is filed to extend the duration of the security interest. This addendum ensures that the secured party's interest in the collateral remains valid and enforceable. 4. Termination Addendum: If the security interest is no longer valid or the obligations are fulfilled, a termination addendum is filed to remove the UCC1 Financing Statement from the public records. This addendum prevents any confusion or potential claims on the collateral by officially declaring the end of the security interest. It is important to note that while the Middlesex Massachusetts UCC1 Financing Statement Addendum is specific to Middlesex County in Massachusetts, UCC1 financing statements and addendums generally follow the Uniform Commercial Code (UCC) guidelines established throughout the United States. However, variations and additional requirements may exist at the state level in Massachusetts, making familiarity with the specific county's regulations crucial.

The Middlesex Massachusetts UCC1 Financing Statement Addendum is a crucial document in the realm of commercial transactions and secured transactions' law. It serves as an annex to the UCC1 Financing Statement, providing additional details and essential information regarding the secured party's interest in the debtor's collateral. This addendum is filed with the Secretary of the Commonwealth of Massachusetts to perfect a security interest in personal property. Keywords: Middlesex Massachusetts UCC1 Financing Statement Addendum, UCC1 Financing Statement, collateral, secured party, Secretary of the Commonwealth, commercial transactions, secured transactions' law, perfecting security interest, personal property. There are different types of Middlesex Massachusetts UCC1 Financing Statement Addendum, including: 1. General Addendum: This type of addendum includes general information regarding the secured creditor, debtor, and the UCC1 Financing Statement to which it is attached. It specifies the collateral and may provide additional terms and conditions regarding the security interest, such as modifications or revisions. 2. Amendments Addendum: This addendum is filed when there are changes or amendments to the original UCC1 Financing Statement. It helps update or correct previously filed information, ensuring accuracy and legal compliance. Amendments may pertain to alterations in the collateral, change in debtor's information, or other relevant amendments. 3. Continuation Addendum: When the initial UCC1 Financing Statement approaches its expiration date (typically 5 years), a continuation addendum is filed to extend the duration of the security interest. This addendum ensures that the secured party's interest in the collateral remains valid and enforceable. 4. Termination Addendum: If the security interest is no longer valid or the obligations are fulfilled, a termination addendum is filed to remove the UCC1 Financing Statement from the public records. This addendum prevents any confusion or potential claims on the collateral by officially declaring the end of the security interest. It is important to note that while the Middlesex Massachusetts UCC1 Financing Statement Addendum is specific to Middlesex County in Massachusetts, UCC1 financing statements and addendums generally follow the Uniform Commercial Code (UCC) guidelines established throughout the United States. However, variations and additional requirements may exist at the state level in Massachusetts, making familiarity with the specific county's regulations crucial.