11-9-512. Amendment of financing statement.

Amendment of information in financing statement. Subject to Code Section 11-9-509, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or, subject to subsection (e) of this Code section, otherwise amend the information provided in a financing statement by filing an amendment that:#

1. (1)

   Identifies, by its file number, the initial financing statement to which the amendment relates; and#

2. (2)

   If the amendment relates to an initial financing statement filed or recorded in a filing office described in paragraph (1) of subsection (a) of Code Section 11-9-501, provides the information specified in subsection (b) of Code Section 11-9-502.#

Period of effectiveness not affected. Except as otherwise provided in Code Section 11-9-515, the filing of an amendment does not extend the period of effectiveness of the financing statement.#

Effectiveness of amendment adding collateral. 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.#

Effectiveness of amendment adding debtor. 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.#

Certain amendments ineffective. An amendment is ineffective to the extent it:#

1. (1)

   Purports to delete all debtors and fails to provide the name of a debtor to be covered by the financing statement; or#

2. (2)

   Purports to delete all secured parties of record and fails to provide the name of a new secured party of record.#