Hennepin Minnesota UCC3 Financing Statement Amendment is a legal document used to make changes or updates to an existing UCC3 financing statement filed in Hennepin County, Minnesota. UCC3 stands for Uniform Commercial Code Amendment Form 3, and it is governed by the laws of the state. Here are some relevant keywords and information about the Hennepin Minnesota UCC3 Financing Statement Amendment: 1. Purpose: The Hennepin Minnesota UCC3 Financing Statement Amendment is filed to modify or correct information related to a previously filed UCC3 financing statement. This can include changes to debtor information, collateral description, secured party details, or any other relevant information. 2. Filing Authority: The Hennepin Minnesota UCC3 Financing Statement Amendment is typically filed with the Hennepin County Secretary of State's office or the appropriate County Recorder's office. These offices are responsible for maintaining the public record of UCC filings and amendments. 3. Reason for Amendment: There can be various reasons for filing a Hennepin Minnesota UCC3 Financing Statement Amendment. Some common reasons include correcting errors or omissions in the original filing, updating collateral details, adding or removing secured parties, or extending the filing duration. 4. Types of Amendments: There can be different types of Hennepin Minnesota UCC3 Financing Statement Amendments based on the nature of the changes being made. For example: a. Debtor Information Change Amendment: This type of amendment is filed when there are changes to debtor's name, address, or other identifying information. b. Collateral Amendment: If there are changes to the collateral description, such as adding or removing assets, it requires a collateral amendment. c. Secured Party Amendment: When there are changes to the secured party's information, such as a transfer of interest or removing a secured party, a secured party amendment is filed. d. Continuation Amendment: This is filed to extend the UCC3 financing statement duration beyond the initial expiration period. 5. Legal Considerations: The Hennepin Minnesota UCC3 Financing Statement Amendment must comply with relevant state laws and regulations. It is essential to ensure accurate and complete information is provided in the amendment to maintain the effectiveness and priority of the original financing statement. 6. Public Record: Once filed, the Hennepin Minnesota UCC3 Financing Statement Amendment becomes a part of the public record, and interested parties can review it. This ensures transparency and allows potential creditors to assess the status of existing security interests. In conclusion, the Hennepin Minnesota UCC3 Financing Statement Amendment is a crucial legal document used to modify or update the details of an existing UCC3 financing statement filed in Hennepin County, Minnesota. It requires compliance with state laws and must be filed with the appropriate authority responsible for maintaining UCC records. Various types of amendments can be filed depending on the changes required, including debtor information amendments, collateral amendments, secured party amendments, and continuation amendments.
Hennepin Minnesota UCC3 Financing Statement Amendment
State:
Minnesota
County:
Hennepin
Control #:
MN-UCC3
Format:
PDF
Instant download
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Public form
Description
UCC3 - Financing Statement Amendment - Minnesota - For use after July 1, 2001. This amendment is to be filed in the real estate records. This Financing Statement complies with all applicable state statutes.
Hennepin Minnesota UCC3 Financing Statement Amendment is a legal document used to make changes or updates to an existing UCC3 financing statement filed in Hennepin County, Minnesota. UCC3 stands for Uniform Commercial Code Amendment Form 3, and it is governed by the laws of the state. Here are some relevant keywords and information about the Hennepin Minnesota UCC3 Financing Statement Amendment: 1. Purpose: The Hennepin Minnesota UCC3 Financing Statement Amendment is filed to modify or correct information related to a previously filed UCC3 financing statement. This can include changes to debtor information, collateral description, secured party details, or any other relevant information. 2. Filing Authority: The Hennepin Minnesota UCC3 Financing Statement Amendment is typically filed with the Hennepin County Secretary of State's office or the appropriate County Recorder's office. These offices are responsible for maintaining the public record of UCC filings and amendments. 3. Reason for Amendment: There can be various reasons for filing a Hennepin Minnesota UCC3 Financing Statement Amendment. Some common reasons include correcting errors or omissions in the original filing, updating collateral details, adding or removing secured parties, or extending the filing duration. 4. Types of Amendments: There can be different types of Hennepin Minnesota UCC3 Financing Statement Amendments based on the nature of the changes being made. For example: a. Debtor Information Change Amendment: This type of amendment is filed when there are changes to debtor's name, address, or other identifying information. b. Collateral Amendment: If there are changes to the collateral description, such as adding or removing assets, it requires a collateral amendment. c. Secured Party Amendment: When there are changes to the secured party's information, such as a transfer of interest or removing a secured party, a secured party amendment is filed. d. Continuation Amendment: This is filed to extend the UCC3 financing statement duration beyond the initial expiration period. 5. Legal Considerations: The Hennepin Minnesota UCC3 Financing Statement Amendment must comply with relevant state laws and regulations. It is essential to ensure accurate and complete information is provided in the amendment to maintain the effectiveness and priority of the original financing statement. 6. Public Record: Once filed, the Hennepin Minnesota UCC3 Financing Statement Amendment becomes a part of the public record, and interested parties can review it. This ensures transparency and allows potential creditors to assess the status of existing security interests. In conclusion, the Hennepin Minnesota UCC3 Financing Statement Amendment is a crucial legal document used to modify or update the details of an existing UCC3 financing statement filed in Hennepin County, Minnesota. It requires compliance with state laws and must be filed with the appropriate authority responsible for maintaining UCC records. Various types of amendments can be filed depending on the changes required, including debtor information amendments, collateral amendments, secured party amendments, and continuation amendments.
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