UCC3 - Financing Statement Amendment Addendum - Texas - For use after July 1, 2001. This form is to be used as an addendum to the financing statement amendment. This form is to be filed in the real estate records.
The Abilene Texas UCC3 Financing Statement Amendment Addendum is a crucial legal document used to modify and update UCC3 financing statements in Abilene, Texas. This addendum is essential for individuals, businesses, and organizations involved in secured transactions, as it allows them to make changes or provide additional information to the original UCC3 financing statement. The UCC3 Financing Statement Amendment Addendum serves as an amendment to the original UCC3 financing statement and helps ensure accuracy and transparency in commercial transactions. It provides valuable insights and protects the rights of both debtors and secured parties by properly disclosing changes to the information previously filed. Various types of Abilene Texas UCC3 Financing Statement Amendment Addendum may exist, each catering to specific modifications or updates required by different parties. Common types include: 1. Name Change Addendum: This addendum is used when a debtor or secured party has changed their legal name and needs to update this information on the UCC3 financing statement. It requires the inclusion of relevant details such as the previous name, new name, and a signature from the affected party. 2. Collateral Change Addendum: If there is a need to change the collateral listed on the original UCC3 financing statement, the Collateral Change Addendum is employed. It involves specifying the revised collateral description and providing any additional required details. 3. Termination Addendum: In situations where a secured party wants to terminate their interest in the collateral outlined in the UCC3 financing statement, the Termination Addendum is utilized. This addendum facilitates the removal of the secured party's information from the statement, offering closure to the secured transaction. 4. Continuation Addendum: To extend the effectiveness of the original UCC3 financing statement, debtors or secured parties can utilize the Continuation Addendum. This addendum ensures that the financing statement remains active for an extended period, as governed by UCC rules. It is important for individuals engaged in secured transactions in Abilene, Texas, to understand the significance of the Abilene Texas UCC3 Financing Statement Amendment Addendum. By utilizing the appropriate addendum type, they can ensure accurate and up-to-date information is maintained, protecting the rights and interests of all parties involved.The Abilene Texas UCC3 Financing Statement Amendment Addendum is a crucial legal document used to modify and update UCC3 financing statements in Abilene, Texas. This addendum is essential for individuals, businesses, and organizations involved in secured transactions, as it allows them to make changes or provide additional information to the original UCC3 financing statement. The UCC3 Financing Statement Amendment Addendum serves as an amendment to the original UCC3 financing statement and helps ensure accuracy and transparency in commercial transactions. It provides valuable insights and protects the rights of both debtors and secured parties by properly disclosing changes to the information previously filed. Various types of Abilene Texas UCC3 Financing Statement Amendment Addendum may exist, each catering to specific modifications or updates required by different parties. Common types include: 1. Name Change Addendum: This addendum is used when a debtor or secured party has changed their legal name and needs to update this information on the UCC3 financing statement. It requires the inclusion of relevant details such as the previous name, new name, and a signature from the affected party. 2. Collateral Change Addendum: If there is a need to change the collateral listed on the original UCC3 financing statement, the Collateral Change Addendum is employed. It involves specifying the revised collateral description and providing any additional required details. 3. Termination Addendum: In situations where a secured party wants to terminate their interest in the collateral outlined in the UCC3 financing statement, the Termination Addendum is utilized. This addendum facilitates the removal of the secured party's information from the statement, offering closure to the secured transaction. 4. Continuation Addendum: To extend the effectiveness of the original UCC3 financing statement, debtors or secured parties can utilize the Continuation Addendum. This addendum ensures that the financing statement remains active for an extended period, as governed by UCC rules. It is important for individuals engaged in secured transactions in Abilene, Texas, to understand the significance of the Abilene Texas UCC3 Financing Statement Amendment Addendum. By utilizing the appropriate addendum type, they can ensure accurate and up-to-date information is maintained, protecting the rights and interests of all parties involved.
