Lansing Michigan UCC1 Financing Statement Addendum

• Category: Michigan Secretary of State - Uniform Commercial Code
• State: Michigan
• City: Lansing
• Control #: MI-UCC1-A
• Format: PDF

Description

UCC1 - Financing Statement Addendum - Michigan - 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 Lansing Michigan UCC1 Financing Statement Addendum is a supplemental document that is used in conjunction with the UCC1 Financing Statement to provide additional information or make amendments to the original statement. This addendum is an essential tool for lenders, debtors, and attorneys involved in secured transactions governed by the Uniform Commercial Code (UCC) in the state of Michigan. The UCC1 Financing Statement Addendum in Lansing Michigan serves various purposes, including clarifying or correcting details, adding collateral items, or extending the original filing's effectiveness. It contains relevant details that provide comprehensive information about the secured party, debtor, and collateral involved in the transaction. The addendum can also include changes to financing statements, termination statements, continuation statements, or amendments made to reflect modifications in the transaction. To ensure clarity and accuracy, the Lansing Michigan UCC1 Financing Statement Addendum includes specific keywords or sections that delineate the content of the form. Some keywords that may be relevant to this document include: 1. Addendum Information: This section identifies the document as an addendum and references the original UCC1 Financing Statement it is related to, including the filing number, date, and secured party information. 2. Amended Statement: Describes any amendments, corrections, or changes being made to the original UCC1 Financing Statement and provides details on what aspects are being modified. 3. Collateral Description: Provides a detailed description of the collateral or property that the original financing statement covers. This section may include assets such as equipment, inventory, accounts receivable, intellectual property, or other types of personal property. 4. Debtor Information: Lists the names, addresses, and contact information of the debtors involved in the transaction. Multiple debtors can be included, and specific details of primary and secondary debtors may be required. 5. Secured Party Information: Provides the names, addresses, and contact information of the secured party or parties involved in the transaction. This information helps identify and locate the party with a valid security interest in the collateral. 6. Continuation Statement: If applicable, this section specifies details regarding the continuation of the effectiveness of the original financing statement, including the duration and expiration date of the original filing. It is worth noting that there may be different types of Lansing Michigan UCC1 Financing Statement Addendums, based on their purpose or specific amendments made. For example, an addendum may solely aim to add new collateral to an existing financing statement or modify debtor or secured party information. Additionally, some addendums may be designed to address termination of a UCC1 Financing statement or specific amendments required by changes in the transaction. Overall, the Lansing Michigan UCC1 Financing Statement Addendum is an integral part of the UCC filing process, ensuring transparency, accuracy, and compliance in secured transactions. Its purpose is to provide all parties involved, including potential creditors and third parties, with comprehensive and up-to-date information regarding the collateral and parties involved in a secured transaction in Lansing, Michigan.

The Lansing Michigan UCC1 Financing Statement Addendum is a supplemental document that is used in conjunction with the UCC1 Financing Statement to provide additional information or make amendments to the original statement. This addendum is an essential tool for lenders, debtors, and attorneys involved in secured transactions governed by the Uniform Commercial Code (UCC) in the state of Michigan. The UCC1 Financing Statement Addendum in Lansing Michigan serves various purposes, including clarifying or correcting details, adding collateral items, or extending the original filing's effectiveness. It contains relevant details that provide comprehensive information about the secured party, debtor, and collateral involved in the transaction. The addendum can also include changes to financing statements, termination statements, continuation statements, or amendments made to reflect modifications in the transaction. To ensure clarity and accuracy, the Lansing Michigan UCC1 Financing Statement Addendum includes specific keywords or sections that delineate the content of the form. Some keywords that may be relevant to this document include: 1. Addendum Information: This section identifies the document as an addendum and references the original UCC1 Financing Statement it is related to, including the filing number, date, and secured party information. 2. Amended Statement: Describes any amendments, corrections, or changes being made to the original UCC1 Financing Statement and provides details on what aspects are being modified. 3. Collateral Description: Provides a detailed description of the collateral or property that the original financing statement covers. This section may include assets such as equipment, inventory, accounts receivable, intellectual property, or other types of personal property. 4. Debtor Information: Lists the names, addresses, and contact information of the debtors involved in the transaction. Multiple debtors can be included, and specific details of primary and secondary debtors may be required. 5. Secured Party Information: Provides the names, addresses, and contact information of the secured party or parties involved in the transaction. This information helps identify and locate the party with a valid security interest in the collateral. 6. Continuation Statement: If applicable, this section specifies details regarding the continuation of the effectiveness of the original financing statement, including the duration and expiration date of the original filing. It is worth noting that there may be different types of Lansing Michigan UCC1 Financing Statement Addendums, based on their purpose or specific amendments made. For example, an addendum may solely aim to add new collateral to an existing financing statement or modify debtor or secured party information. Additionally, some addendums may be designed to address termination of a UCC1 Financing statement or specific amendments required by changes in the transaction. Overall, the Lansing Michigan UCC1 Financing Statement Addendum is an integral part of the UCC filing process, ensuring transparency, accuracy, and compliance in secured transactions. Its purpose is to provide all parties involved, including potential creditors and third parties, with comprehensive and up-to-date information regarding the collateral and parties involved in a secured transaction in Lansing, Michigan.