KRS 355.9-512: Amendment of financing statement.

(1) Subject to KRS 355.9 -509, a person may add or delete collateral covered by,

continue or terminate the effectiveness of, or, subject to subsection (5) of this

section, otherwise amend the information provided in, a financing statement by

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 in a filing

office described in KRS 355.9 -501(1)(a), provides the informatio n specified

in KRS 355.9-502(2).

(2) Except as otherwise provided in KRS 355.9 -515, the filing of an amendment does

not extend the period of effectiveness of the financing statement.

(3) A financing statement that is amended by an amendment that adds colla teral is

effective as to the added collateral only from the date of the filing of the

amendment.

(4) 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.

(5) 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.