R 440.411 Amendment record.

Rule 411. (1) A record is created for an amendment that bears the identification number for the amendment and the date and time of filing. (2) The record of the amendment is associated with the record of the related initial financing statement in a manner that causes the amendment to be retrievable each time a record of the financing statement is retrieved. (3) The name and address of each additional debtor and secured party are entered into the UCC information management system in the record of the related initial financing statement. Each additional debtor name is added to the searchable index and is not removed until 1 year after the financing statement lapses. Debtor addresses may be included in the searchable index to the extent the filing office offers or intends to offer limited searches or limited copy requests as provided in R 440.504. (4) If the amendment is a continuation, then a new lapse date is established for the financing statement and maintained as part of its record.