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Delaware UCC Financing Statement Amendment

Delaware UCC Financing Statement Amendment

Name: Delaware UCC Financing Statement Amendment
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.6 (203 reviews)

Category:

Delaware Department of State - Uniform Commercial Code

State:

Delaware

Control #:

DE-UCC3-ALT

Format:

Instant download

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Description

Delaware UCC Financing Statement Amendment Delaware UCC Financing Statement Amendment is a legal document filed with the Delaware Secretary of State that amends a UCC Financing Statement. It is used to update or correct information in a previously filed UCC Financing Statement. There are two types of Delaware UCC Financing Statement Amendments: Continuation and Amendment. A Continuation Amendment is used to extend the duration of the Financing Statement, and an Amendment is used to make changes to the information in the original Financing Statement, such as a change in the debtor's name or address. The Delaware UCC Financing Statement Amendment must include the original filing date and number of the Financing Statement being amended, and must be signed by the debtor or the debtor’s authorized representative.

Delaware UCC Financing Statement Amendment is a legal document filed with the Delaware Secretary of State that amends a UCC Financing Statement. It is used to update or correct information in a previously filed UCC Financing Statement. There are two types of Delaware UCC Financing Statement Amendments: Continuation and Amendment. A Continuation Amendment is used to extend the duration of the Financing Statement, and an Amendment is used to make changes to the information in the original Financing Statement, such as a change in the debtor's name or address. The Delaware UCC Financing Statement Amendment must include the original filing date and number of the Financing Statement being amended, and must be signed by the debtor or the debtor’s authorized representative.

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How to fill out Delaware UCC Financing Statement Amendment?

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FAQ

§ 9-620. Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral. (4) subsection (e) does not require the secured party to dispose of the collateral or the debtor waives the requirement pursuant to Section 9-624.

(a) Article 9 definitions. ? In this Article: (1) ?Accession? means goods that are physically united with other goods in such a manner that the identity of the original goods is not lost.

The main point of Article 9 is to be a secured creditor: If a creditor is secured it has a claim in something of the buyer's (the goods exchanged for future payment or other collateral). This gives the creditor: Right of repossession of goods extended in exchange for future payment if the payment is never made.

Delaware has enacted the 2010 amendments to Article 9 of the Uniform Commercial Code. Delaware enacted the 2010 amendments to Article 9 of the Uniform Commercial Code (2010 Amendments) when the governor signed HB 8 on .

(a) Article 9 definitions. ? In this Article: (1) ?Accession? means goods that are physically united with other goods in such a manner that the identity of the original goods is not lost.

In these situations, you can file a UCC-3 termination yourself with your secretary of state. You must swear under oath that you've satisfied the debt in full and complete the UCC termination form.

A UCC3 is a change statement to a UCC1. It's an amendment filing to an original UCC1 financing statement that changes or adds information to the originally filed UCC1. It's a filing tool secured parties use to manage their UCC portfolio to maintain their perfected security interests.

Delaware has enacted the 2010 amendments to Article 9 of the Uniform Commercial Code.

More info

Fill out the appropriate financing statement form. Download and complete the financing statements.These are fillable PDF forms. Instructions For UCC Financing Statement Amendment (Form UCC3) Form. This is a Delaware form and can be use in Uniform Commercial Code Department Of State. Complete item 13 in accordance with instructions on Amendment Addendum (Form UCC3Ad). Instant access to fillable Microsoft Word or PDF forms. Minimize the risk of using outdated forms and eliminate rejected fillings. You may use these or the national forms. If you use the national forms include the Documentary Tax information.

Delaware UCC Financing Statement Amendment

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