Gresham Oregon UCC Financing Statement Amendment

• Category: Oregon Court Samples - Uniform Laws - Commercial Code
• State: Oregon
• City: Gresham
• Control #: OR-HJ-617
• Format: PDF

Description

UCC Financing Statement Amendment Gresham, Oregon UCC Financing Statement Amendment serves as a pivotal legal document that ensures the accuracy and completeness of UCC (Uniform Commercial Code) financing statements in the city of Gresham, Oregon. This amendment allows individuals and businesses to modify, add, or update certain information on their existing financing statements, ensuring the accuracy and validity of the recorded data. Keywords: Gresham, Oregon, UCC Financing Statement Amendment, legal document, accuracy, completeness, Uniform Commercial Code, modify, update, existing financing statements, recorded data. There are various types of Gresham, Oregon UCC Financing Statement Amendments, each catering to specific needs and circumstances. These include: 1. Party Information Amendment: This type of amendment allows individuals or businesses to update or modify the information of one or more parties involved in the financing statement. It may involve changes to names, addresses, or other contact details of debtors, secured parties, or other relevant entities. 2. Collateral Amendment: This amendment focuses on updating or modifying the collateral description within the financing statement. It may involve adding or removing specific assets, altering the scope or nature of the collateral, or adjusting any related terms or conditions. 3. Termination Amendment: As the name suggests, this amendment is used when the financing statement is no longer valid or needed. It allows debtors or secured parties to terminate a previously recorded financing statement, signaling the release of any liens or claims on the collateral. 4. Continuation Amendment: When the initial term of a financing statement is about to expire, a continuation amendment is required to extend its validity. This amendment ensures that the security interest remains perfected and effective beyond the original expiration date. 5. Amendment Addendum: In more complex scenarios where multiple changes are needed, an amendment addendum might be utilized. This type of amendment consolidates various modifications into a single document, simplifying the process and ensuring the accuracy of the recorded information. By utilizing these Gresham, Oregon UCC Financing Statement Amendments, individuals and businesses can ensure that their UCC financing statements remain up to date, valid, and in compliance with the Uniform Commercial Code, promoting transparency and facilitating smooth commercial transactions.

Gresham, Oregon UCC Financing Statement Amendment serves as a pivotal legal document that ensures the accuracy and completeness of UCC (Uniform Commercial Code) financing statements in the city of Gresham, Oregon. This amendment allows individuals and businesses to modify, add, or update certain information on their existing financing statements, ensuring the accuracy and validity of the recorded data. Keywords: Gresham, Oregon, UCC Financing Statement Amendment, legal document, accuracy, completeness, Uniform Commercial Code, modify, update, existing financing statements, recorded data. There are various types of Gresham, Oregon UCC Financing Statement Amendments, each catering to specific needs and circumstances. These include: 1. Party Information Amendment: This type of amendment allows individuals or businesses to update or modify the information of one or more parties involved in the financing statement. It may involve changes to names, addresses, or other contact details of debtors, secured parties, or other relevant entities. 2. Collateral Amendment: This amendment focuses on updating or modifying the collateral description within the financing statement. It may involve adding or removing specific assets, altering the scope or nature of the collateral, or adjusting any related terms or conditions. 3. Termination Amendment: As the name suggests, this amendment is used when the financing statement is no longer valid or needed. It allows debtors or secured parties to terminate a previously recorded financing statement, signaling the release of any liens or claims on the collateral. 4. Continuation Amendment: When the initial term of a financing statement is about to expire, a continuation amendment is required to extend its validity. This amendment ensures that the security interest remains perfected and effective beyond the original expiration date. 5. Amendment Addendum: In more complex scenarios where multiple changes are needed, an amendment addendum might be utilized. This type of amendment consolidates various modifications into a single document, simplifying the process and ensuring the accuracy of the recorded information. By utilizing these Gresham, Oregon UCC Financing Statement Amendments, individuals and businesses can ensure that their UCC financing statements remain up to date, valid, and in compliance with the Uniform Commercial Code, promoting transparency and facilitating smooth commercial transactions.