Oklahoma City Oklahoma UCC1 Financing Statement Addendum

• Category: Oklahoma Contracts - Uniform Commercial Code
• State: Oklahoma
• City: Oklahoma City
• Control #: OK-UCC1-A
• Format: PDF

Description

UCC1 - Financing Statement Addendum - Oklahoma -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. Oklahoma City, Oklahoma UCC1 Financing Statement Addendum is a legal document that serves as an extension or attachment to an existing UCC1 Financing Statement. This addendum provides additional information or modifies the original filing to ensure accurate and up-to-date financial information about a secured party and collateral. Keywords: — Oklahoma City: Refers to the specific location where the UCC1 Financing Statement Addendum is prepared. It emphasizes the relevance of the information to this geographical area. — UCC1 Financing Statement: The UCC1 Financing Statement is a legal document used to secure an interest in personal property as collateral for a loan, lease, or sale agreement. The addendum modifies or supplements this initial filing. — Addendum: An addendum is an additional document that serves to extend or modify an existing contract or filing. In this case, the addendum provides supplementary information to the original UCC1 Financing Statement. Types of Oklahoma City, Oklahoma UCC1 Financing Statement Addendum: 1. Amendment: An amendment addendum is used to modify or update one or multiple aspects of the original UCC1 Financing Statement. The secured party may need to correct an error, add additional collateral details, or change their personal information. 2. Continuation: A continuation addendum is filed when the original UCC1 Financing Statement is nearing its expiration date. By extending the validity period, the secured party ensures their priority over competing parties regarding the collateral. 3. Termination: If the secured party no longer has an interest in the collateral, they can file a termination addendum. This addendum removes the collateral from the public records, signaling the end of the security interest. In summary, the Oklahoma City, Oklahoma UCC1 Financing Statement Addendum is a legal document used to modify, extend, or terminate an existing UCC1 Financing Statement. Various types of addendums, such as amendments, continuations, and terminations, cater to different scenarios and ensure accurate and up-to-date financial information.

Oklahoma City, Oklahoma UCC1 Financing Statement Addendum is a legal document that serves as an extension or attachment to an existing UCC1 Financing Statement. This addendum provides additional information or modifies the original filing to ensure accurate and up-to-date financial information about a secured party and collateral. Keywords: — Oklahoma City: Refers to the specific location where the UCC1 Financing Statement Addendum is prepared. It emphasizes the relevance of the information to this geographical area. — UCC1 Financing Statement: The UCC1 Financing Statement is a legal document used to secure an interest in personal property as collateral for a loan, lease, or sale agreement. The addendum modifies or supplements this initial filing. — Addendum: An addendum is an additional document that serves to extend or modify an existing contract or filing. In this case, the addendum provides supplementary information to the original UCC1 Financing Statement. Types of Oklahoma City, Oklahoma UCC1 Financing Statement Addendum: 1. Amendment: An amendment addendum is used to modify or update one or multiple aspects of the original UCC1 Financing Statement. The secured party may need to correct an error, add additional collateral details, or change their personal information. 2. Continuation: A continuation addendum is filed when the original UCC1 Financing Statement is nearing its expiration date. By extending the validity period, the secured party ensures their priority over competing parties regarding the collateral. 3. Termination: If the secured party no longer has an interest in the collateral, they can file a termination addendum. This addendum removes the collateral from the public records, signaling the end of the security interest. In summary, the Oklahoma City, Oklahoma UCC1 Financing Statement Addendum is a legal document used to modify, extend, or terminate an existing UCC1 Financing Statement. Various types of addendums, such as amendments, continuations, and terminations, cater to different scenarios and ensure accurate and up-to-date financial information.