UCC1 - Financing Statement Addendum - Utah - For use after July 1, 2001. This form permits you to add an additional debtor if necessary to cover collateral as specified in the statement.
The West Valley City Utah UCC1 Financing Statement Addendum is a legal document that serves as an extension or attachment to the UCC1 Financing Statement. It is specific to the state of Utah, more specifically the West Valley City area. This addendum provides additional information and updates related to the original financing statement, ensuring accuracy and completeness in financial record-keeping. Keywords: West Valley City Utah, UCC1 Financing Statement Addendum, legal document, extension, attachment, UCC1 Financing Statement, additional information, updates, accuracy, completeness, financial record-keeping. Types of West Valley City Utah UCC1 Financing Statement Addendum: 1. Amendment Addendum: This type of addendum is used to modify the information provided in the original UCC1 Financing Statement. It may include changes in debtor information, collateral description, or any other relevant details. 2. Continuation Addendum: The continuation addendum is used when the initial financing statement is nearing its expiration date. It extends the effectiveness of the original statement for an additional period, ensuring the continuity of the secured party's rights. 3. Termination Addendum: When a secured party's interest in the collateral described in the UCC1 Financing Statement ends, a termination addendum is filed. This addendum removes the collateral from the public record and signifies that the secured party no longer has rights to it. 4. Assignment Addendum: In cases where a secured party transfers their rights to another party, an assignment addendum is filed. This addendum reflects the change in ownership and provides relevant details about the assignee, ensuring proper documentation and record-keeping. 5. Partial Release Addendum: If a secured party wishes to release a portion of the collateral listed in the UCC1 Financing Statement, a partial release addendum is filed. This addendum specifies the specific portion of the collateral that is being released, allowing for clarity and accuracy in record-keeping. These addenda types may vary slightly depending on local regulations and specific requirements set forth by the West Valley City area in Utah. It is important to consult the relevant authorities or legal professionals for precise information and guidance when dealing with UCC1 Financing Statement Addenda.
