This document is the "National UCC Financing Statement Addendum," and it is an American Lawyer Media form. It accompanies the UCC Financing Statement.
Franklin Ohio UCC Financing Statement Addendum is a legal document that serves as an attachment to the UCC Financing Statement in the state of Ohio. The purpose of this addendum is to provide additional information or amendments related to the original financing statement. It plays a crucial role in properly documenting and perfecting security interests in personal property. The UCC Financing Statement Addendum in Franklin, Ohio, contains specific details regarding the debtor, secured party, collateral, and filings. It provides a comprehensive overview of the transaction and ensures all relevant information is accurately recorded and accessible to interested parties. There are different types of UCC Financing Statement Addenda that may be applicable in Franklin, Ohio, depending on the circumstances of the transaction. Some of these include: 1. Amendment Addendum: This type of addendum is used when there is a need to modify or revise the original financing statement. It allows for changes such as adding or removing collateral, updating debtor or secured party information, or extending the expiration date of the financing statement. 2. Assignment Addendum: When a secured party transfers their interest in the collateral to another party, an assignment addendum is used. It documents the assignment of rights, and the new secured party becomes the assignee. 3. Partial Release Addendum: In situations where only a portion of the collateral is being released or discharged, a partial release addendum is utilized. It specifies the released collateral and removes the lien on those specific assets. 4. Termination Addendum: Once a debt has been fully repaid, a termination addendum is filed to remove the financing statement from public record. It signifies the conclusion of the security interest and ensures the collateral is no longer encumbered. These are just a few examples of the types of UCC Financing Statement Addenda that may be used in Franklin, Ohio. It is essential to consult with legal professionals or the Ohio Secretary of State's office to ensure the correct addendum is selected and filed accurately according to the specific requirements and regulations of the state.Franklin Ohio UCC Financing Statement Addendum is a legal document that serves as an attachment to the UCC Financing Statement in the state of Ohio. The purpose of this addendum is to provide additional information or amendments related to the original financing statement. It plays a crucial role in properly documenting and perfecting security interests in personal property. The UCC Financing Statement Addendum in Franklin, Ohio, contains specific details regarding the debtor, secured party, collateral, and filings. It provides a comprehensive overview of the transaction and ensures all relevant information is accurately recorded and accessible to interested parties. There are different types of UCC Financing Statement Addenda that may be applicable in Franklin, Ohio, depending on the circumstances of the transaction. Some of these include: 1. Amendment Addendum: This type of addendum is used when there is a need to modify or revise the original financing statement. It allows for changes such as adding or removing collateral, updating debtor or secured party information, or extending the expiration date of the financing statement. 2. Assignment Addendum: When a secured party transfers their interest in the collateral to another party, an assignment addendum is used. It documents the assignment of rights, and the new secured party becomes the assignee. 3. Partial Release Addendum: In situations where only a portion of the collateral is being released or discharged, a partial release addendum is utilized. It specifies the released collateral and removes the lien on those specific assets. 4. Termination Addendum: Once a debt has been fully repaid, a termination addendum is filed to remove the financing statement from public record. It signifies the conclusion of the security interest and ensures the collateral is no longer encumbered. These are just a few examples of the types of UCC Financing Statement Addenda that may be used in Franklin, Ohio. It is essential to consult with legal professionals or the Ohio Secretary of State's office to ensure the correct addendum is selected and filed accurately according to the specific requirements and regulations of the state.
