Financing Statement Additional Party form for adding additional Debtors or Secured Parties to Financing Statements (Form UCC1) filed with the Texas filing office.
The Houston Texas UCC1 Financing Statement Additional Party refers to a legal document that is used in the state of Texas to provide notice to creditors about a security interest in personal property. It is an additional party added to the UCC1 Financing Statement, which is filed with the Texas Secretary of State's office. The UCC1 Financing Statement Additional Party is utilized when the original debtor grants a security interest to a third party, known as the secured party. This document is crucial in establishing the priority of the security interest and informs other potential creditors of the existing lien on the property. The UCC1 Financing Statement Additional Party must follow specific guidelines defined by the Uniform Commercial Code (UCC) to ensure its validity. It typically includes essential information such as the names and addresses of both the debtor and the secured party, a description of the collateral, and signatures of relevant parties. Additionally, the document may include supplemental information such as the date and time of filing. In Houston, Texas, there are no different types of UCC1 Financing Statement Additional Party specific to the city. However, there may be various types of financing statements based on the nature of the transaction or the type of collateral involved, such as UCC1 Financing Statement — Fixture Filing or UCC1 Financing Statement — Farm Products. To summarize, the Houston Texas UCC1 Financing Statement Additional Party is a legal document used to add a party to the UCC1 Financing Statement, providing notice to creditors about a security interest in personal property. It is an essential tool in establishing the priority of a security interest and is subject to the guidelines set forth by the UCC and the Texas Secretary of State's office.The Houston Texas UCC1 Financing Statement Additional Party refers to a legal document that is used in the state of Texas to provide notice to creditors about a security interest in personal property. It is an additional party added to the UCC1 Financing Statement, which is filed with the Texas Secretary of State's office. The UCC1 Financing Statement Additional Party is utilized when the original debtor grants a security interest to a third party, known as the secured party. This document is crucial in establishing the priority of the security interest and informs other potential creditors of the existing lien on the property. The UCC1 Financing Statement Additional Party must follow specific guidelines defined by the Uniform Commercial Code (UCC) to ensure its validity. It typically includes essential information such as the names and addresses of both the debtor and the secured party, a description of the collateral, and signatures of relevant parties. Additionally, the document may include supplemental information such as the date and time of filing. In Houston, Texas, there are no different types of UCC1 Financing Statement Additional Party specific to the city. However, there may be various types of financing statements based on the nature of the transaction or the type of collateral involved, such as UCC1 Financing Statement — Fixture Filing or UCC1 Financing Statement — Farm Products. To summarize, the Houston Texas UCC1 Financing Statement Additional Party is a legal document used to add a party to the UCC1 Financing Statement, providing notice to creditors about a security interest in personal property. It is an essential tool in establishing the priority of a security interest and is subject to the guidelines set forth by the UCC and the Texas Secretary of State's office.
