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Colorado UCC3 Financing Statement Amendment Addendum - Farm Products

Colorado UCC3 Financing Statement Amendment Addendum - Farm Products

Name: Colorado UCC3 Financing Statement Amendment Addendum - Farm Products
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.57 (419 reviews)

Category:

Colorado Contracts - Uniform Commercial Code

State:

Colorado

Control #:

CO-UCC3-EFS-A

Format:

Instant download

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Description

Financing Statement Amendment Addendum - Farm Products form for adding information to an amended Financing Statement covering farm products filed with the Colorado filing office.

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How to fill out Colorado UCC3 Financing Statement Amendment Addendum - Farm Products?

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FAQ

Under the Uniform Commercial Code (the UCC), a security interest in personal property of a debtor is perfected by filing a UCC-1 financing statement (now called a UCC initial financing statement) with the applicable state filing office.

Filer Information. Name and phone number of contact at filer. Email contact at filer. Debtor Information. Organization or individual's name. Mailing address. Secured Party Information. Organization or individual's name. Mailing address. Collateral Information. Description of collateral.

Why file a UCC-3 form? The UCC-3 is the Swiss-Army-Knife of forms. Unlike a UCC 1, a UCC 3 can be used for multiple purposes. The actions one can take are Amendment, Assignment, Continuation, and Termination.

Overview of UCC-3 Terminations A Termination for personal property is accomplished by completing and filing form UCC-3 with the Secretary of State's office in the appropriate state.

To assign (1) some or all of Assignor's right to amend the identified financing statement, or (2) the Assignor's right to amend the identified financing statement with respect to some (but not all) of the collateral covered by the identified financing statement: Check box in item 3 and enter name of Assignee in item 7a

Form UCC3 is used to amend (make changes to) a UCC1 filing.However, it is important to note that for a UCC1 filing a termination is only an amendment and that the UCC1 filing may be amended further, even after a termination has been filed. Box 3 Continuation A UCC1 filing is good for five years.

A UCC 3 form, also known as a Financing Statement Amendment, is a document tracking changes to the UCC 1 such as the termination, the continuation, and the transfer of the Financing Statement. Other amendments are also filed, such as amending the names of the two parties or amending the collateral.

A UCC-Uniform Commercial Code-1 statement is a legal notice filed by creditors in an effort to publicly declare their right to seize assets of debtors who default on loans. UCC-1 notices are typically printed in local newspapers, in an effort to publicly express a lender's intent to seize collateralized assets.

In all cases, you should file a UCC-1 with the secretary of state's office in the state where the debtor is incorporated or organized (if a business), or lives (if an individual).

Colorado UCC3 Financing Statement Amendment Addendum - Farm Products

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What is a UCC3 termination document?

How do I fill out a UCC1 financial statement?

What is the difference between a UCC 1 and a UCC 3?

Who files UCC3?

How do I assign a UCC financing statement?

What's the difference between a UCC1 and UCC3?

What is a ucc3 filing?

What is the purpose of a UCC filing?

Where do I file my UCC 1?

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