7-17-13  Status of parties upon filing an
amendment. Upon the filing of an amendment,
the status of the parties and the status of the fi-
nancing statement shall be as follows. (a) An
amendment that amends only the collateral de-
scription or one or more addresses shall not affect
the status of any debtor or secured party. If an
amendment is authorized by less than all of the
secured parties, or in the case of an amendment
that adds collateral, less than all of the debtors,
the statement shall affect the interests only of
each authorizing secured party or debtor.

 (b) An amendment that changes a debtor's
name shall not affect the status of any debtor or
secured party, except that the related initial fi-
nancing statement and all UCC records that iden-
tify the initial financing statement shall be cross-
indexed in the UCC information management
system so that a search under either the debtor's
old name or the debtor's new name will reveal the
initial financing statement and related UCC rec-
ords. This amendment shall affect the rights only
of its authorizing secured party.

 (c) An amendment that changes the name of a
secured party shall not affect the status of any
debtor or any secured party, but the new name
shall be added to the index as if it were a new
secured party of record.

 (d) An amendment that adds a new debtor
name shall not affect the status of any party to the
financing statement, except that the new debtor
name shall be added as a new debtor on the fi-
nancing statement. The addition shall affect the
rights only of the secured party authorizing the
amendment.

 (e) An amendment that adds a new secured
party shall not affect the status of any party to the
financing statement, except that the new secured
party name shall be added as a new secured party
on the financing statement.

 (f) An amendment that deletes a debtor shall
not affect the status of any party to the financing
statement, even if the amendment purports to de-
lete all debtors.

 (g) An amendment that deletes a secured party
of record shall not affect the status of any party to
the financing statement, even if the amendment
purports to delete all secured parties of record.

 (h) An amendment shall not affect the status of
the financing statement, except that a continua-
tion statement may extend the period of effect-
iveness of a financing statement. (Authorized by
L. 2000, Ch. 142, § 97; implementing L. 2000, Ch.
142, § 83; effective Oct. 12, 2001.)