Current through 2024, ch. 69
Section 55-9-512 - Amendment of financing statement(a) Subject to Section 55-9-509 NMSA 1978, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or, subject to Subsection (e) of this section, otherwise amend the information provided in, a financing statement by filing an amendment that:(1) identifies, by its file number, the initial financing statement to which the amendment relates; and(2) if the amendment relates to an initial financing statement filed for record in a county clerk's office, provides the information specified in Subsection (b) of Section 55-9-502 NMSA 1978.(b) Except as otherwise provided in Section 55-9-515 NMSA 1978, the filing of an amendment does not extend the period of effectiveness of the financing statement.(c) 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.(d) 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.(e) An amendment is ineffective to the extent it:(1) purports to delete all debtors and fails to provide the name of a debtor to be covered by the financing statement; or(2) purports to delete all secured parties of record and fails to provide the name of a new secured party of record.1978 Comp., § 55-9-512, enacted by Laws 2001, ch. 139, § 83; 2015, ch. 54, § 6.Amended by 2015, c. 54,s. 6, eff. 7/1/2015.