R154-2-308. Amendments Generally

  (1)(a) Unless this Subsection R154-2-308(1)(b)or (c) applies, the filing of an amendment has no effect on the status of the secured parties of record.

  (b) If an amendment adds a debtor or a secured party, the new debtor or secured party shall be:

  (i) added to the appropriate index; and

  (ii) associated with the record of the financing statement in the UCC information management system.

  (c) If an amendment designates an assignee, the filing shall cause the assignee to be added as a secured party of record with respect to the affected financing statement in the UCC information management system.

  (2)(a) Notwithstanding the filing of an amendment that deletes a debtor or a secured party from a financing statement, no debtor or secured party of record is deleted from the UCC information management system.

  (b) A deleted secured party shall be treated by the filing office as a secured party of record, as the filing office cannot verify the effectiveness of an amendment.

  (3) In general, the filing of an amendment does not affect the status of the financing statement.