Dallas Texas UCC1-AD Financing Statement Addendum

• Category: Contracts - Uniform Commercial Code - Financing Statements
• State: Multi-State
• County: Dallas
• Control #: US-UCC1-AD
• Format: Word; PDF

Description

This form is a UCC Financing Statement Addendum for use in documenting personal property used as collateral for a loan. Available in Word and Adobe pdf format. Dallas Texas UCC1-AD Financing Statement Addendum is a legal document that provides additional information and specific details related to the UCC1-AD Financing Statement. This addendum is utilized in Dallas, Texas, and plays a vital role in securing collateral for loans, leases, or other financial transactions. Specifically, the UCC1-AD Financing Statement Addendum serves as an extension to the UCC1 Financing Statement, which primarily captures essential information about the debtor, secured party, and the collateral. However, in certain cases, additional information may be necessary to adequately describe the secured party's interest in the collateral. There are a few different types of Dallas Texas UCC1-AD Financing Statement Addendum, depending on the nature and specifics of the collaterals being secured. Some notable types include: 1. Tangible Property Addendum: This addendum is used when the collateral includes tangible assets such as machinery, equipment, vehicles, or inventory. It provides a detailed description of these assets, including their make, model, serial numbers, or other identifying details. 2. Intellectual Property Addendum: When the collateral involves intellectual property, such as patents, trademarks, or copyrights, this addendum provides a comprehensive description of the specific intellectual property being secured. It may include registration numbers, titles, and other relevant information. 3. Real Estate Addendum: In cases where the collateral includes real estate, this addendum provides detailed information about the property being secured. It includes essential details such as the property address, legal description, and any relevant property identification numbers. 4. Accounts Receivable Addendum: This addendum is utilized when the collateral consists of accounts receivable or other similar debts owed to the debtor. It provides information about the specific accounts or debts being secured, including names of the debtors, amounts owed, and other details. To ensure the accuracy and effectiveness of the UCC1-AD Financing Statement Addendum, it is highly recommended consulting with legal professionals experienced in Dallas, Texas laws and regulations. Properly completing and filing this document is crucial for protecting the secured party's interest in the collateral and maintaining compliance with legal requirements.

Dallas Texas UCC1-AD Financing Statement Addendum is a legal document that provides additional information and specific details related to the UCC1-AD Financing Statement. This addendum is utilized in Dallas, Texas, and plays a vital role in securing collateral for loans, leases, or other financial transactions. Specifically, the UCC1-AD Financing Statement Addendum serves as an extension to the UCC1 Financing Statement, which primarily captures essential information about the debtor, secured party, and the collateral. However, in certain cases, additional information may be necessary to adequately describe the secured party's interest in the collateral. There are a few different types of Dallas Texas UCC1-AD Financing Statement Addendum, depending on the nature and specifics of the collaterals being secured. Some notable types include: 1. Tangible Property Addendum: This addendum is used when the collateral includes tangible assets such as machinery, equipment, vehicles, or inventory. It provides a detailed description of these assets, including their make, model, serial numbers, or other identifying details. 2. Intellectual Property Addendum: When the collateral involves intellectual property, such as patents, trademarks, or copyrights, this addendum provides a comprehensive description of the specific intellectual property being secured. It may include registration numbers, titles, and other relevant information. 3. Real Estate Addendum: In cases where the collateral includes real estate, this addendum provides detailed information about the property being secured. It includes essential details such as the property address, legal description, and any relevant property identification numbers. 4. Accounts Receivable Addendum: This addendum is utilized when the collateral consists of accounts receivable or other similar debts owed to the debtor. It provides information about the specific accounts or debts being secured, including names of the debtors, amounts owed, and other details. To ensure the accuracy and effectiveness of the UCC1-AD Financing Statement Addendum, it is highly recommended consulting with legal professionals experienced in Dallas, Texas laws and regulations. Properly completing and filing this document is crucial for protecting the secured party's interest in the collateral and maintaining compliance with legal requirements.