Oregon Statutes 79.0512 – UCC 9-512. Amendment of financing statement
(1) Subject to ORS § 79.0509, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or, subject to subsection (5) of this section, otherwise amend the information provided in, a financing statement by filing an amendment that:
Terms Used In Oregon Statutes 79.0512
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Collateral: means the property subject to a security interest or agricultural lien. See Oregon Statutes 79.0102
- File number: means the number assigned to an initial financing statement pursuant to ORS § 79. See Oregon Statutes 79.0102
- Filing office: means an office designated in ORS § 79. See Oregon Statutes 79.0102
- Financing statement: means a record or records composed of an initial financing statement and any filed record relating to the initial financing statement. See Oregon Statutes 79.0102
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(a) Identifies, by its file number, the initial financing statement to which the amendment relates; and
(b) If the amendment relates to an initial financing statement filed or recorded in a filing office described in ORS § 79.0501 (1)(a), provides the information specified in ORS § 79.0502 (2).
(2) Except as otherwise provided in ORS § 79.0515, the filing of an amendment does not extend the period of effectiveness of the financing statement.
(3) A financing statement that is amended by an amendment that adds collateral is effective as to the added collateral only from the date of the filing of the amendment.
(4) A financing statement that is amended by an amendment that adds a debtor is effective as to the added debtor only from the date of the filing of the amendment.
(5) An amendment is ineffective to the extent it:
(a) Purports to delete all debtors and fails to provide the name of a debtor to be covered by the financing statement; or
(b) Purports to delete all secured parties of record and fails to provide the name of a new secured party of record. [2001 c.445 § 83; 2003 c.14 § 27]