The High Point North Carolina UCC3 Financing Statement Amendment is a legal document that pertains to the amendment of a previously filed UCC3 financing statement in the state of High Point, North Carolina. UCC3 refers to the third article of the Uniform Commercial Code (UCC), which deals with the various ways in which security interests in personal property can be created and perfected. The UCC3 Financing Statement Amendment is necessary when there is a need to make changes, corrections, or additions to the original financing statement. This amendment ensures that the public record accurately reflects any modifications made to the initial filing. Keywords: High Point North Carolina, UCC3 financing statement, amendment, legal document, filing, Uniform Commercial Code, security interests, personal property, changes, corrections, additions, modification, public record. Types of High Point North Carolina UCC3 Financing Statement Amendment: 1. Correction Amendment: This type of amendment is used to rectify any errors or typos in the initial UCC3 financing statement. It ensures that the corrected information is correctly reflected in the public record. 2. Partial Release Amendment: A partial release amendment is filed when the secured party wishes to release a specific portion of the collateral listed in the original financing statement. This amendment allows for the removal of particular assets from the previous security interest. 3. Continuation Amendment: A continuation amendment is filed to extend the duration of the original financing statement. It is necessary when the initial filing is set to expire, ensuring the continuity of the security interest. 4. Termination Amendment: This type of amendment is filed when the security interest in the collateral has been completely released or satisfied. The termination amendment removes the UCC3 financing statement from the public record, indicating that there are no more outstanding claims on the listed assets. Keywords (Types of Amendments): Correction Amendment, Partial Release Amendment, Continuation Amendment, Termination Amendment, security interest, collateral, public record, correction, typo, partial release, extension, expiration, satisfaction. Note: It is important to consult the appropriate legal counsel or refer to the official government documentation to ensure accuracy and compliance with the specific requirements of the High Point, North Carolina UCC3 Financing Statement Amendment.
High Point North Carolina UCC3 Financing Statement Amendment
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