554.9512 Amendment of financing statement. 1. Amendment of information in financing statement. Subject to section 554.9509, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or,subject to subsection 5, otherwise amend the information provided in, a financing statementby filing an amendment that: a. identifies, by its file number, the initial financing statement to which the amendment relates; and b. if the amendment relates to an initial financing statement filed or recorded in a filing office described in section 554.9501, subsection 1, paragraph 'a', provides the date and timethat the initial financing statement was filed or recorded and the information specified insection 554.9502, subsection 2. 2. Period of effectiveness not affected. Except as otherwise provided in section 554.9515, the filing of an amendment does not extend the period of effectiveness of the financingstatement. 3. 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 dateof the filing of the amendment. 4. Effectiveness of amendment adding debtor. g statement that is amended by an amendment that adds collateral is effective as to the added collateral only from the dateof the filing of the amendment. 4. 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 thefiling of the amendment. 5. Certain amendments ineffective. An amendment is ineffective to the extent it:a. purports to delete all debtors and fails to provide the name of a debtor to be covered by the financing statement; or b. purports to delete all secured parties of record and fails to provide the name of a new secured party of record. 2000 Acts, ch 1149, §83, 187Referred to in §554.9109, 554.9516 Sat Dec 23 11:02:12 2023 Iowa Code 2024, Section 554.9512 (24, 0)
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