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How to use or fill out Mississippi UCC1 Financing Statement Addendum - Mississippi
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Click ‘Get Form’ to open it in the editor.
Begin by entering the name of the first debtor in section 9. You can choose between an organization’s name or an individual’s last name, along with their first and middle names if applicable.
In section 11, provide the additional debtor's full legal name. Ensure you do not abbreviate or combine names. Include their mailing address in section 11c.
If applicable, complete section 12 for any additional secured parties. Again, ensure to follow the format as instructed.
For collateral descriptions, refer to sections 13 through 16. Specify if the financing statement covers timber or is a fixture filing and provide detailed descriptions as needed.
Finally, review all entries for accuracy before saving your document. Utilize our platform's features to sign and distribute your completed form effortlessly.
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Amendment means a UCC record that amends the information contained in a financing statement. Amendments include assignments, continuations and terminations. Assignment is an amendment that assigns all or part of a secured partys power to authorize an amendment to a financing statement.
What is the UCC 1 financial statement?
UCC Financing Statement (usually called a UCC-1 Form) is a form that creditors file with states in which they have a security interest in a debtors personal property.
What is the purpose of an UCC?
The Uniform Commercial Code is a uniform law that governs commercial transactions, including sales of goods, secured transactions and negotiable instruments.
What is the purpose of a financing statement?
The purpose of filing financing statements is to provide notice of the claimed security interests. The ability of a UCC financing statement to serve its notice function depends on whether an interested party can locate the record. This is where the debtor name becomes particularly important.
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Related links
1 Miss. Code. R. 4-6.2 | State Regulations - Law.Cornell.Edu
Initial Financing Statement (UCC1) and Addendum (UCC1Ad). $8 + convenience fee set by e-gov portal. Financing Statement Amendment (UCC3) and Addendum (UCC3Ad).
A financing statement amendment should be filed on this form and, if applicable, the Mississippi Financing. Statement Amendment Addendum Form. UCC3Ad attached
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