Financing Statement Amendment Additional Party form for adding additional Debtors or Secured Parties to Financing Statement Amendment (Form UCC3) filed with the Texas filing office.
A Fort Worth Texas UCC3 Financing Statement Amendment Additional Party refers to a legal document filed with the appropriate authorities in Fort Worth, Texas, to modify an existing Uniform Commercial Code (UCC) financing statement. When an additional party needs to be added to the original financing statement, this amendment is filed to reflect the change in the parties involved. The UCC3 Financing Statement Amendment Additional Party is filed by a secured party to protect their interests in a specific collateral or asset. It ensures that any claims or rights the secured party has in the collateral are established and maintained. By adding a party, such as a new debtor or secured party, to the original financing statement, the amendment ensures that all parties with a legal interest in the collateral are properly recognized and protected. Keywords related to this topic include Fort Worth, Texas, UCC3, financing statement, amendment, additional party, legal document, filed, authorities, modify, Uniform Commercial Code, secured party, collateral, claims, rights, debtor. Different types of Fort Worth Texas UCC3 Financing Statement Amendment Additional Parties may include the following: 1. New Debtor Addition: This type of amendment is filed when a new debtor needs to be added to the UCC3 financing statement. It typically happens when there is a change in ownership or when multiple debtors share an interest in the collateral. 2. New Secured Party Addition: In certain cases, a secured party may decide to add another secured party to the financing statement. This amendment establishes the rights and interests of the newly added secured party in the collateral. 3. Debtor Change or Correction: This type of amendment is filed when there is a need to correct or update the debtor's information in the original financing statement. It could involve correcting a typographical error, updating the debtor's name due to a legal name change, or amending other identifying details of the debtor. 4. Secured Party Change or Correction: Similar to the debtor change or correction amendment, this type of amendment is filed when a secured party's information needs to be corrected or updated. It could involve correcting a typographical error, updating the secured party's name due to a legal name change, or amending other identifying details of the secured party. 5. Collateral Addition: Occasionally, a secured party may need to add additional collateral to the existing financing statement. This amendment ensures that the newly added collateral is properly included and protected under the UCC3 filing. In conclusion, a Fort Worth Texas UCC3 Financing Statement Amendment Additional Party is a legal document filed to modify an existing financing statement by adding a party. It could involve adding a new debtor or secured party, correcting or updating information related to the debtor or secured party, or adding additional collateral. These amendments help ensure that all parties with a legal interest in the collateral are accurately reflected and protected.
