Authorizing and Filing UCC Terminations Prepare and complete a UCC-3 amendment form to include: The filing number of the initial financing statement to which amendment relates. Review and review again for any mistakes or incorrect information. Submit the filing to Secretary of State's office in the appropriate state.
(1) Except as otherwise provided in subsections (2), (5), (6), and (7), a filed financing statement is effective for a period of 5 years after the date of filing.
1 is a “financing statement” filed to provide notice that a creditor has a security interest in a debtor's personal property. It is not an agreement. It is a notice d that one person claims an interest in someone else's property, usually as collateral for a debt.
Florida, like many other states, has incorporated a version of the UCC into its statutes, which in turn has influenced various industries, including construction.
Non-UCC Property means any personal property of the Borrowers a security interest in which may not be perfected pursuant to the UCC and in which the security interest granted to the Agent for the ratable benefit of the Lenders pursuant to this Agreement has not been duly perfected under other applicable law.
Many companies move their location and neglect to notify the New York Department of State. Filing a Biennial Statement affords a corporation or LLC the opportunity of updating their address for service of process and avoiding the possibility of a default judgement.
Form UCC3 is used to amend (make changes to) a UCC1 filing. The required information is: An acknowledgement name and address. (Recommended for return copy of the filing.) The file number of the original financing statement.