Oregon Administrative Rules
Chapter 160 - SECRETARY OF STATE, CORPORATION DIVISION
Division 40 - UNIFORM COMMERCIAL CODE - ARTICLE 9
Section 160-040-0307 - Amendment

Universal Citation: OR Admin Rules 160-040-0307
Current through Register Vol. 63, No. 3, March 1, 2024

Amendments generally. Upon the filing of an amendment the status of the parties shall be unchanged, except that in the case of an amendment that adds a debtor or a secured party, the new debtor or secured party shall be added to appropriate index and associated with the record of the 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. In general, the filing of an amendment does not affect the status of the financing statement.

Stat. Auth.: ORS 79.0526

Stats. Implemented: ORS 79.0512

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