(810 ILCS 5/9-512)
Amendment of financing statement.
(a) Amendment of information in financing statement. Subject
to Section 9-509, a person may add or delete collateral covered by, continue or
terminate the effectiveness of, or, subject to subsection (e), otherwise amend
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 or recorded in a filing office described in Section 9-501(a)(1), provides the date and time that the initial financing statement was filed and the information specified in Section 9-502(b).
(b) Period of effectiveness not affected. Except as otherwise
provided in Section 9-515, the filing of an amendment does not extend the
of effectiveness of the financing statement.
(c) Effectiveness of amendment adding collateral. A financing
statement that is amended by an amendment that adds collateral is effective as
the added collateral only from the date of the filing of the amendment.
(d) Effectiveness of amendment adding debtor. A financing
statement that is amended by an amendment that adds a debtor is effective as to
added debtor only from the date of the filing of the amendment.
(e) Certain amendments ineffective. 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.
(Source: P.A. 91-893, eff. 7-1-01.)