R154-2-307. Amendments Generally

(1) Upon the filing of an amendment the status of the parties shall be unchanged, except that: (a) When an amendment adds a debtor or a secured party, the new debtor or secured party shall be added to appropriate index and associated with the record of the financing statement in the UCC information management system; and (b) An amendment that designates an assignee 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 will still be treated by the filing office as a secured party of record as the filing office cannot verify the effectiveness of an amendment. (3) Except when a continuation statement, the filing of an amendment does not affect the status of the financing statement.