Hennepin Minnesota UCC1 Financing Statement Addendum

• Category: Minnesota Contracts - Uniform Commercial Code
• State: Minnesota
• County: Hennepin
• Control #: MN-UCC1-A
• Format: PDF

Description

UCC1 - Financing Statement Addendum - Minnesota - 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 Hennepin Minnesota UCC1 Financing Statement Addendum is a legal document that serves as an attachment to the UCC1 Financing Statement. It provides supplementary information and provisions relating to secured transactions within the jurisdiction of Hennepin County, Minnesota. This addendum ensures that all necessary details are disclosed, clarifying the rights and interests of the parties involved. Keywords: Hennepin Minnesota, UCC1 Financing Statement Addendum, legal document, attachment, UCC1 Financing Statement, secured transactions, supplementary information, provisions, Hennepin County, Minnesota, rights, interests. There are different types of Hennepin Minnesota UCC1 Financing Statement Addendum, which include: 1. Amendment Addendum: This type of addendum is used when modifications or changes need to be made to the original UCC1 Financing Statement. It ensures that any updated information regarding the secured party, debtor, or collateral is reflected accurately. 2. Termination Addendum: When a secured transaction comes to an end, either through satisfaction of debt, release of collateral, or another means, a Termination Addendum is utilized. This document effectively terminates the UCC1 Financing Statement. 3. Continuation Addendum: In cases where the initial period for the UCC1 Financing Statement is expiring, but the secured party wishes to extend this duration, a Continuation Addendum is filed. This document prolongs the effectiveness of the financing statement and maintains the perfected security interest. 4. Assignment Addendum: When a secured party intends to assign their interest in the collateral to another party, an Assignment Addendum is employed. This document properly records the transfer of rights and interests, ensuring transparency among all parties involved. Keywords: Amendment Addendum, Termination Addendum, Continuation Addendum, Assignment Addendum, UCC1 Financing Statement, modifications, changes, termination, satisfaction of debt, release of collateral, continuation, expiring, perfected security interest, assignment, transfer of rights.

The Hennepin Minnesota UCC1 Financing Statement Addendum is a legal document that serves as an attachment to the UCC1 Financing Statement. It provides supplementary information and provisions relating to secured transactions within the jurisdiction of Hennepin County, Minnesota. This addendum ensures that all necessary details are disclosed, clarifying the rights and interests of the parties involved. Keywords: Hennepin Minnesota, UCC1 Financing Statement Addendum, legal document, attachment, UCC1 Financing Statement, secured transactions, supplementary information, provisions, Hennepin County, Minnesota, rights, interests. There are different types of Hennepin Minnesota UCC1 Financing Statement Addendum, which include: 1. Amendment Addendum: This type of addendum is used when modifications or changes need to be made to the original UCC1 Financing Statement. It ensures that any updated information regarding the secured party, debtor, or collateral is reflected accurately. 2. Termination Addendum: When a secured transaction comes to an end, either through satisfaction of debt, release of collateral, or another means, a Termination Addendum is utilized. This document effectively terminates the UCC1 Financing Statement. 3. Continuation Addendum: In cases where the initial period for the UCC1 Financing Statement is expiring, but the secured party wishes to extend this duration, a Continuation Addendum is filed. This document prolongs the effectiveness of the financing statement and maintains the perfected security interest. 4. Assignment Addendum: When a secured party intends to assign their interest in the collateral to another party, an Assignment Addendum is employed. This document properly records the transfer of rights and interests, ensuring transparency among all parties involved. Keywords: Amendment Addendum, Termination Addendum, Continuation Addendum, Assignment Addendum, UCC1 Financing Statement, modifications, changes, termination, satisfaction of debt, release of collateral, continuation, expiring, perfected security interest, assignment, transfer of rights.