The Vermont Statutes Online
Uniform Commercial Code
9-512. Amendment of financing statement
(a) Subject to
section 9-509 of this title, a person may add or delete collateral covered by,
continue or terminate the effectiveness of, or, subject to subsection (e) of
this section, otherwise amend the information provided in, a financing
statement by filing an amendment that:
by its file number, the initial financing statement to which the amendment
(2) if the
amendment relates to an initial financing statement recorded in a filing office
described in subdivision 9-501(a)(1) of this title, provides the date that the
initial financing statement was recorded and the information specified in
subsection 9-502(b) of this title.
(b) Except as
otherwise provided in section 9-515 of this title, the filing of an amendment
does not extend the period of effectiveness of the financing statement.
(c) 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.
(d) 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.
(e) An amendment
is ineffective to the extent it:
(1) purports to
delete all debtors and fails to provide the name of a debtor to be covered by
the financing statement; or
(2) purports to
delete all secured parties of record and fails to provide the name of a new
secured party of record. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1,