UCC1 - Financing Statement Addendum - Texas - 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.
Wichita Falls Texas UCC1 Financing Statement Addendum is an important legal document related to secured transactions and financing arrangements. It serves as an attachment to the primary UCC1 Financing Statement, providing additional details and information that may be necessary for a complete and accurate filing. This addendum is filed with the Secretary of State's office in Texas to perfect a security interest in specific collateral. The Wichita Falls Texas UCC1 Financing Statement Addendum contains various sections to ensure comprehensive disclosure. These include: 1. Secured Party Information: This section requires the name and address of the secured party, who is typically the lender or creditor. 2. Debtor Information: Here, the addendum specifies the name, address, and contact details of the debtor, who is the individual or business granting the security interest on the collateral. 3. Collateral Description: This is a crucial section as it outlines the specific details of the collateral being pledged or granted as security. It may include various types of assets such as equipment, inventory, accounts receivable, intellectual property, or real estate. 4. Additional Clauses and Terms: The addendum allows for the inclusion of additional clauses and terms relevant to the transaction. These provide more specific details about the relationship between the debtor and secured party, such as rights and responsibilities, default provisions, and remedies. 5. Amendments and Continuations: If any changes occur in the original UCC1 Financing Statement or the addendum itself during the course of the financing arrangement, this section facilitates the amendment or continuation of the filing. It is important to note that there are no specific types or variations of the Wichita Falls Texas UCC1 Financing Statement Addendum. However, depending on the nature and complexity of the transaction, the addendum may vary in terms of the collateral description or the inclusion of additional clauses tailored to the specific financing arrangement. In conclusion, the Wichita Falls Texas UCC1 Financing Statement Addendum is a crucial component of securing a debtor-creditor relationship. It provides supplemental information to the primary UCC1 Financing Statement, ensuring clear disclosure of collateral and terms. By filing this addendum with the appropriate authorities, both the secured party and the debtor comply with legal requirements and protect their rights and interests in the context of financing transactions.Wichita Falls Texas UCC1 Financing Statement Addendum is an important legal document related to secured transactions and financing arrangements. It serves as an attachment to the primary UCC1 Financing Statement, providing additional details and information that may be necessary for a complete and accurate filing. This addendum is filed with the Secretary of State's office in Texas to perfect a security interest in specific collateral. The Wichita Falls Texas UCC1 Financing Statement Addendum contains various sections to ensure comprehensive disclosure. These include: 1. Secured Party Information: This section requires the name and address of the secured party, who is typically the lender or creditor. 2. Debtor Information: Here, the addendum specifies the name, address, and contact details of the debtor, who is the individual or business granting the security interest on the collateral. 3. Collateral Description: This is a crucial section as it outlines the specific details of the collateral being pledged or granted as security. It may include various types of assets such as equipment, inventory, accounts receivable, intellectual property, or real estate. 4. Additional Clauses and Terms: The addendum allows for the inclusion of additional clauses and terms relevant to the transaction. These provide more specific details about the relationship between the debtor and secured party, such as rights and responsibilities, default provisions, and remedies. 5. Amendments and Continuations: If any changes occur in the original UCC1 Financing Statement or the addendum itself during the course of the financing arrangement, this section facilitates the amendment or continuation of the filing. It is important to note that there are no specific types or variations of the Wichita Falls Texas UCC1 Financing Statement Addendum. However, depending on the nature and complexity of the transaction, the addendum may vary in terms of the collateral description or the inclusion of additional clauses tailored to the specific financing arrangement. In conclusion, the Wichita Falls Texas UCC1 Financing Statement Addendum is a crucial component of securing a debtor-creditor relationship. It provides supplemental information to the primary UCC1 Financing Statement, ensuring clear disclosure of collateral and terms. By filing this addendum with the appropriate authorities, both the secured party and the debtor comply with legal requirements and protect their rights and interests in the context of financing transactions.
