Financing Statement Amendment Additional Party form for adding additional Debtors or Secured Parties to Financing Statement Amendment (Form UCC3).
Hennepin Minnesota UCC3 Financing Statement Amendment Additional Party refers to a legal document used to modify an existing Uniform Commercial Code (UCC) financing statement filed in Hennepin County, Minnesota. This amendment allows for the inclusion of an additional party to the original financing statement, resulting in an updated notification of any security interest involving the mentioned party. Here is a detailed description of Hennepin Minnesota UCC3 Financing Statement Amendment Additional Party, along with some related terms and types: 1. Hennepin County: Hennepin County is one of the most populous counties in the state of Minnesota, located in the eastern part of the state. It encompasses the city of Minneapolis and its surrounding suburbs. 2. UCC3 Financing Statement: A UCC3 Financing Statement is a legal document that provides notice of a security interest in collateral, typically used in commercial transactions. This document is governed by the Uniform Commercial Code (UCC) provisions, which standardize commercial laws across the United States. 3. Amendment: An amendment refers to a modification or alteration made to an existing legal document. In the context of the Hennepin Minnesota UCC3 Financing Statement, an amendment is filed to update or change the information contained in the original financing statement. 4. Additional Party: An additional party, in the context of the Hennepin Minnesota UCC3 Financing Statement Amendment, refers to a new party that is being added to the original financing statement. This could be an individual, organization, or entity that now has a valid security interest in the collateral included in the financing statement. Types of Hennepin Minnesota UCC3 Financing Statement Amendment Additional Party: 1. Individual Addition: This refers to the addition of an individual as an additional party to the UCC3 Financing Statement Amendment. It typically occurs when an individual acquires a security interest in the collateral mentioned in the financing statement. 2. Business/Organization Addition: This type involves adding a business or organization as an additional party to the financing statement amendment. It commonly occurs when a company or organization obtains a security interest in the collateral. 3. Creditor Addition: This type of amendment adds a creditor to the original financing statement. Creditors are entities or individuals who lend money or extend credit, often securing it against specific collateral. 4. Collateral Modification: While not directly related to additional parties, a collateral modification amendment can be filed alongside the addition of an additional party. This amendment updates the information about the collateral, such as changes in its description, replacement, or removal. In conclusion, the Hennepin Minnesota UCC3 Financing Statement Amendment Additional Party is a legal document used to add an individual, organization, or creditor as an additional party to an existing UCC3 Financing Statement filed in Hennepin County, Minnesota. By filing this amendment, the financing statement gets updated, ensuring that all relevant parties are aware of the new security interest in the specified collateral.Hennepin Minnesota UCC3 Financing Statement Amendment Additional Party refers to a legal document used to modify an existing Uniform Commercial Code (UCC) financing statement filed in Hennepin County, Minnesota. This amendment allows for the inclusion of an additional party to the original financing statement, resulting in an updated notification of any security interest involving the mentioned party. Here is a detailed description of Hennepin Minnesota UCC3 Financing Statement Amendment Additional Party, along with some related terms and types: 1. Hennepin County: Hennepin County is one of the most populous counties in the state of Minnesota, located in the eastern part of the state. It encompasses the city of Minneapolis and its surrounding suburbs. 2. UCC3 Financing Statement: A UCC3 Financing Statement is a legal document that provides notice of a security interest in collateral, typically used in commercial transactions. This document is governed by the Uniform Commercial Code (UCC) provisions, which standardize commercial laws across the United States. 3. Amendment: An amendment refers to a modification or alteration made to an existing legal document. In the context of the Hennepin Minnesota UCC3 Financing Statement, an amendment is filed to update or change the information contained in the original financing statement. 4. Additional Party: An additional party, in the context of the Hennepin Minnesota UCC3 Financing Statement Amendment, refers to a new party that is being added to the original financing statement. This could be an individual, organization, or entity that now has a valid security interest in the collateral included in the financing statement. Types of Hennepin Minnesota UCC3 Financing Statement Amendment Additional Party: 1. Individual Addition: This refers to the addition of an individual as an additional party to the UCC3 Financing Statement Amendment. It typically occurs when an individual acquires a security interest in the collateral mentioned in the financing statement. 2. Business/Organization Addition: This type involves adding a business or organization as an additional party to the financing statement amendment. It commonly occurs when a company or organization obtains a security interest in the collateral. 3. Creditor Addition: This type of amendment adds a creditor to the original financing statement. Creditors are entities or individuals who lend money or extend credit, often securing it against specific collateral. 4. Collateral Modification: While not directly related to additional parties, a collateral modification amendment can be filed alongside the addition of an additional party. This amendment updates the information about the collateral, such as changes in its description, replacement, or removal. In conclusion, the Hennepin Minnesota UCC3 Financing Statement Amendment Additional Party is a legal document used to add an individual, organization, or creditor as an additional party to an existing UCC3 Financing Statement filed in Hennepin County, Minnesota. By filing this amendment, the financing statement gets updated, ensuring that all relevant parties are aware of the new security interest in the specified collateral.