This form is a UCC financing statement addendum to amendment for use in recording security interests in personal property. Use to add an addendum to an existing recorded lien.
Lee's Summit Missouri UCC3 Financing Statement Amendment Addendum is a legal document that enables the modification or alteration of an existing UCC3 Financing Statement filed with the Missouri Secretary of State in Lee's Summit. This addendum serves as a means to update or correct any inaccurate or incomplete information previously recorded in the original UCC3 Financing Statement. It is essential for individuals or businesses engaged in commercial transactions to ensure the accuracy of their financial statements to avoid any disputes or complications in the future. The Lee's Summit Missouri UCC3 Financing Statement Amendment Addendum caters to various types of amendments, including but not limited to: 1. Name Change Amendment: This type of amendment is suitable for those who have undergone a legal name change and need to update their UCC3 Financing Statement to reflect the new name accurately. 2. Collateral Change Amendment: In scenarios where changes occur in the collateral pledged or described in the original UCC3 Financing Statement, a collateral change amendment is required. This type of amendment ensures that the collateral accurately reflects the current assets used as security in the transaction. 3. Addition or Deletion of Secured Party Amendment: Sometimes, changes may occur in the secured party's information, such as their name, address, or any other pertinent details. The addition or deletion of secured party amendment allows for the modification of such information to keep it up to date. 4. Assignment Amendment: In situations where a party transfers its rights and interest in the UCC3 Financing Statement to another entity, an assignment amendment is necessary. This addendum acknowledges the change in ownership and ensures the updated details reflect the new secured party. 5. Amendment to Correct Errors: Mistakes, inaccuracies, or omissions may occur in the original UCC3 Financing Statement. An amendment intended to correct such errors ensures the accuracy and reliability of the document, thereby avoiding any potential legal implications. It is vital for individuals or businesses located in Lee's Summit, Missouri, engaged in commercial transactions governed by Article 9 of the Uniform Commercial Code (UCC) to adhere to the regulations set forth by the Missouri Secretary of State when utilizing the Lee's Summit Missouri UCC3 Financing Statement Amendment Addendum. Failure to file the necessary addendum could potentially lead to challenges in asserting or enforcing their rights as secured creditors. Therefore, it is advisable to consult legal professionals well-versed in UCC regulations to ensure compliance and accuracy throughout the process.Lee's Summit Missouri UCC3 Financing Statement Amendment Addendum is a legal document that enables the modification or alteration of an existing UCC3 Financing Statement filed with the Missouri Secretary of State in Lee's Summit. This addendum serves as a means to update or correct any inaccurate or incomplete information previously recorded in the original UCC3 Financing Statement. It is essential for individuals or businesses engaged in commercial transactions to ensure the accuracy of their financial statements to avoid any disputes or complications in the future. The Lee's Summit Missouri UCC3 Financing Statement Amendment Addendum caters to various types of amendments, including but not limited to: 1. Name Change Amendment: This type of amendment is suitable for those who have undergone a legal name change and need to update their UCC3 Financing Statement to reflect the new name accurately. 2. Collateral Change Amendment: In scenarios where changes occur in the collateral pledged or described in the original UCC3 Financing Statement, a collateral change amendment is required. This type of amendment ensures that the collateral accurately reflects the current assets used as security in the transaction. 3. Addition or Deletion of Secured Party Amendment: Sometimes, changes may occur in the secured party's information, such as their name, address, or any other pertinent details. The addition or deletion of secured party amendment allows for the modification of such information to keep it up to date. 4. Assignment Amendment: In situations where a party transfers its rights and interest in the UCC3 Financing Statement to another entity, an assignment amendment is necessary. This addendum acknowledges the change in ownership and ensures the updated details reflect the new secured party. 5. Amendment to Correct Errors: Mistakes, inaccuracies, or omissions may occur in the original UCC3 Financing Statement. An amendment intended to correct such errors ensures the accuracy and reliability of the document, thereby avoiding any potential legal implications. It is vital for individuals or businesses located in Lee's Summit, Missouri, engaged in commercial transactions governed by Article 9 of the Uniform Commercial Code (UCC) to adhere to the regulations set forth by the Missouri Secretary of State when utilizing the Lee's Summit Missouri UCC3 Financing Statement Amendment Addendum. Failure to file the necessary addendum could potentially lead to challenges in asserting or enforcing their rights as secured creditors. Therefore, it is advisable to consult legal professionals well-versed in UCC regulations to ensure compliance and accuracy throughout the process.