Murfreesboro Tennessee UCC3 Financing Statement Amendment

• Category: Tennessee Contracts - Uniform Commercial Code
• State: Tennessee
• City: Murfreesboro
• Control #: TN-UCC3
• Format: PDF

Description

UCC3 - Financing Statement Amendment - Tennessee - For use after July 1, 2001. This amendment is to be filed in the real estate records. This Financing Statement complies with all applicable state statutes. A Murfreesboro Tennessee UCC3 Financing Statement Amendment refers to a legal document filed to modify or amend an existing UCC3 financing statement in Murfreesboro, Tennessee. UCC3 stands for Uniform Commercial Code, which governs commercial transactions, particularly secured transactions involving personal property. In Murfreesboro, Tennessee, UCC3 Financing Statement Amendment enables individuals or businesses to update or correct information related to a previously filed financing statement, ensuring accuracy and completeness in the public records maintained by the Secretary of State. This amendment protects the rights and interests of all parties involved in a secured transaction. Keywords: Murfreesboro Tennessee, UCC3 Financing Statement, Amendment, legal document, modify, amend, existing, UCC3, financing statement, Murfreesboro, Uniform Commercial Code, commercial transactions, secured transactions, personal property, update, correct information, previously filed, financing statement, accuracy, completeness, public records, Secretary of State, rights, interests, secured transaction. Different types of Murfreesboro Tennessee UCC3 Financing Statement Amendments may include: 1. Amendment to Correct Errors: This type of amendment is filed when there are errors or inaccuracies in the previously filed financing statement. It could involve correcting misspelled names, inaccurate addresses, or incorrect collateral descriptions. 2. Amendment to Add Collateral: If additional collateral needs to be included in the original financing statement, this amendment is filed. It ensures that all the secured assets or properties are properly listed, providing security to the secured party. 3. Amendment to Remove Collateral: In certain cases, the collateral listed in the original financing statement may need to be removed, either due to its disposal, sale, or completion of the transaction. This amendment ensures accurate representation of the collateral currently secured. 4. Amendment to Extend Termination Date: When the original financing statement is set to expire, but the parties involved wish to extend its validity, this amendment is filed. It extends the termination date, assuring that the secured party maintains their security interest for an extended period. 5. Amendment to Add Debtor: In cases where a debtor's name was initially omitted or overlooked in the original financing statement, this amendment is filed to add the debtor's name. It ensures all parties involved are properly identified and legally bound. By utilizing Murfreesboro Tennessee UCC3 Financing Statement Amendments correctly, individuals and businesses can ensure the accuracy and effectiveness of their secured transactions, maintaining the legal protection of their interests and avoiding potential disputes. Keywords: Murfreesboro Tennessee, UCC3 Financing Statement Amendment, errors, inaccuracies, original financing statement, amendment, additional collateral, secured assets, properties, security, secured party, remove collateral, disposal, sale, completion, accurate representation, extend termination date, validity, security interest, debtor, omitted, overlooked, add debtor, identified, legally bound, secured transactions, legal protection, potential disputes.

A Murfreesboro Tennessee UCC3 Financing Statement Amendment refers to a legal document filed to modify or amend an existing UCC3 financing statement in Murfreesboro, Tennessee. UCC3 stands for Uniform Commercial Code, which governs commercial transactions, particularly secured transactions involving personal property. In Murfreesboro, Tennessee, UCC3 Financing Statement Amendment enables individuals or businesses to update or correct information related to a previously filed financing statement, ensuring accuracy and completeness in the public records maintained by the Secretary of State. This amendment protects the rights and interests of all parties involved in a secured transaction. Keywords: Murfreesboro Tennessee, UCC3 Financing Statement, Amendment, legal document, modify, amend, existing, UCC3, financing statement, Murfreesboro, Uniform Commercial Code, commercial transactions, secured transactions, personal property, update, correct information, previously filed, financing statement, accuracy, completeness, public records, Secretary of State, rights, interests, secured transaction. Different types of Murfreesboro Tennessee UCC3 Financing Statement Amendments may include: 1. Amendment to Correct Errors: This type of amendment is filed when there are errors or inaccuracies in the previously filed financing statement. It could involve correcting misspelled names, inaccurate addresses, or incorrect collateral descriptions. 2. Amendment to Add Collateral: If additional collateral needs to be included in the original financing statement, this amendment is filed. It ensures that all the secured assets or properties are properly listed, providing security to the secured party. 3. Amendment to Remove Collateral: In certain cases, the collateral listed in the original financing statement may need to be removed, either due to its disposal, sale, or completion of the transaction. This amendment ensures accurate representation of the collateral currently secured. 4. Amendment to Extend Termination Date: When the original financing statement is set to expire, but the parties involved wish to extend its validity, this amendment is filed. It extends the termination date, assuring that the secured party maintains their security interest for an extended period. 5. Amendment to Add Debtor: In cases where a debtor's name was initially omitted or overlooked in the original financing statement, this amendment is filed to add the debtor's name. It ensures all parties involved are properly identified and legally bound. By utilizing Murfreesboro Tennessee UCC3 Financing Statement Amendments correctly, individuals and businesses can ensure the accuracy and effectiveness of their secured transactions, maintaining the legal protection of their interests and avoiding potential disputes. Keywords: Murfreesboro Tennessee, UCC3 Financing Statement Amendment, errors, inaccuracies, original financing statement, amendment, additional collateral, secured assets, properties, security, secured party, remove collateral, disposal, sale, completion, accurate representation, extend termination date, validity, security interest, debtor, omitted, overlooked, add debtor, identified, legally bound, secured transactions, legal protection, potential disputes.