Community Bankers Association of Illinois

Spotlight on Services:
Amending a Financing Statement

If a corporation changes its name, you have four months to amend your filing to the current name.

The financing statement is not effective to perfect a security interest in collateral acquired by the debtor more than four months after the change, unless an amendment to the financing statement which renders the financing statement 'not seriously misleading' is filed within four months after the change. (Cooper, The New Article 9, 9-507)

CSC Diligenz can notify you of these changes as they take place through Corporate Tracking.

This tip submitted by:

Danna Overman
Territory Manager
CSC Diligenz
6500 Harbour Heights Parkway
Mukilteo, WA 98275
800-858-5294 tel
800-345-6059 fax
doverman@cscinfo.com
http://www.diligenz.com
  800.736.2224 (IL) | 217.529.2265  
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