436 Neb. Admin. Code, ch. 3, § 307

Current through September 17, 2024
Section 436-3-307 - Amendments generally

Upon the filing of an amendment the status of the parties will be unchanged, except that in the case of an amendment that adds a debtor or a secured party, the new debtor or secured party will be added to appropriate index and associated with the record of the financing statement in the UCC information management system, and an amendment that designates an assignee will cause the assignee to be added as a secured party of record with respect to the affected financing statement in the UCC information management system. Notwithstanding the filing of an amendment that deletes a debtor or a secured party from a financing statement, no debtor or secured party of record is deleted from the UCC information management system. A deleted secured party will still be treated by the Filing office as a secured party of record as the Filing office cannot verify the effectiveness of an amendment. Except in the case of a continuation statement, the filing of an amendment does not affect the status of the financing statement.

436 Neb. Admin. Code, ch. 3, § 307