UCC3 - Financing Statement Amendment Addendum - North Carolina - For use after July 1, 2001. This form is to be used as an addendum to the financing statement amendment. This form is to be filed in the real estate records.
The Wake North Carolina UCC3 Financing Statement Amendment Addendum is a legal document that allows individuals and businesses to make changes or updates to their initial UCC3 Financing Statement in Wake County, North Carolina. This addendum is an essential tool for ensuring accurate and up-to-date information regarding secured transactions. Keywords: Wake North Carolina, UCC3 Financing Statement, Amendment Addendum, legal document, changes, updates, initial UCC3 Financing Statement, accurate, up-to-date, secured transactions. There are several types of UCC3 Financing Statement Amendment Addendums that individuals may encounter in Wake County, North Carolina. These may include: 1. Name Change Addendum: This addendum is used when a debtor or secured party undergoes a legal change in their name. It ensures that the UCC3 Financing Statement reflects the updated information accurately, preventing any confusion in the future. 2. Collateral Change Addendum: In case there is a need to modify the collateral listed in the initial UCC3 Financing Statement, this addendum is utilized. It allows debtors and secured parties to add, remove, or amend the description of the collateral, ensuring it matches the latest agreement or arrangement between the parties involved. 3. Amendment Addendum for Termination: This addendum is employed when the parties wish to terminate or dissolve the UCC3 Financing Statement entirely. It nullifies the effectiveness of the initial statement and marks the end of the secured transaction relationship. 4. Priority Amendment Addendum: If there are multiple UCC3 Financing Statements filed against a debtor, this addendum is utilized to modify the priority of the secured parties. By making changes to the priority, it determines the order in which the secured parties will satisfy their claims in case of default or bankruptcy. 5. Assignment Addendum: When there is a transfer of rights and interests from one secured party to another, this addendum is filed. It ensures that the UCC3 Financing Statement reflects the change accurately, allowing the new secured party to enforce their rights and interests. In Wake County, North Carolina, each UCC3 Financing Statement Amendment Addendum serves a specific purpose, enabling parties involved in secured transactions to uphold accuracy, transparency, and legal compliance. It is crucial to file the appropriate addendum(s) to ensure all changes, modifications, or terminations are appropriately documented and recognized.
The Wake North Carolina UCC3 Financing Statement Amendment Addendum is a legal document that allows individuals and businesses to make changes or updates to their initial UCC3 Financing Statement in Wake County, North Carolina. This addendum is an essential tool for ensuring accurate and up-to-date information regarding secured transactions. Keywords: Wake North Carolina, UCC3 Financing Statement, Amendment Addendum, legal document, changes, updates, initial UCC3 Financing Statement, accurate, up-to-date, secured transactions. There are several types of UCC3 Financing Statement Amendment Addendums that individuals may encounter in Wake County, North Carolina. These may include: 1. Name Change Addendum: This addendum is used when a debtor or secured party undergoes a legal change in their name. It ensures that the UCC3 Financing Statement reflects the updated information accurately, preventing any confusion in the future. 2. Collateral Change Addendum: In case there is a need to modify the collateral listed in the initial UCC3 Financing Statement, this addendum is utilized. It allows debtors and secured parties to add, remove, or amend the description of the collateral, ensuring it matches the latest agreement or arrangement between the parties involved. 3. Amendment Addendum for Termination: This addendum is employed when the parties wish to terminate or dissolve the UCC3 Financing Statement entirely. It nullifies the effectiveness of the initial statement and marks the end of the secured transaction relationship. 4. Priority Amendment Addendum: If there are multiple UCC3 Financing Statements filed against a debtor, this addendum is utilized to modify the priority of the secured parties. By making changes to the priority, it determines the order in which the secured parties will satisfy their claims in case of default or bankruptcy. 5. Assignment Addendum: When there is a transfer of rights and interests from one secured party to another, this addendum is filed. It ensures that the UCC3 Financing Statement reflects the change accurately, allowing the new secured party to enforce their rights and interests. In Wake County, North Carolina, each UCC3 Financing Statement Amendment Addendum serves a specific purpose, enabling parties involved in secured transactions to uphold accuracy, transparency, and legal compliance. It is crucial to file the appropriate addendum(s) to ensure all changes, modifications, or terminations are appropriately documented and recognized.