(a) Subject to § 4-9-509, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or, subject to subsection (e), otherwise amend the 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 in a filing office described in § 4-9-501(a) (1), provides the date and time that the initial financing statement was filed and the information specified in § 4-9-502(b).
(b) Except as otherwise provided in § 4-9-515, the filing of an amendment does not extend the period of effectiveness of the financing statement.
(c) A financing statement that is amended by an amendment that adds collateral is effective as to the added collateral only from the date of the filing of the amendment.
(d) A financing statement that is amended by an amendment that adds a debtor is effective as to the added debtor only from the date of the filing of the amendment.
(e) 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.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 1 - Uniform Commercial Code
Chapter 9 - Secured Transactions
Subpart 1 - Filing Office — Contents and Effectiveness of Financing Statement
§ 4-9-503. Name of debtor and secured party
§ 4-9-504. Indication of collateral
§ 4-9-506. Effect of errors or omissions
§ 4-9-507. Effect of certain events on effectiveness of financing statement
§ 4-9-508. Effectiveness of financing statement if new debtor becomes bound by security agreement
§ 4-9-509. Persons entitled to file a record
§ 4-9-510. Effectiveness of filed record
§ 4-9-511. Secured party of record
§ 4-9-512. Amendment of financing statement
§ 4-9-513. Termination statement
§ 4-9-514. Assignment of powers of secured party of record
§ 4-9-515. Duration and effectiveness of financing statement — Effect of lapsed financing statement
§ 4-9-516. What constitutes filing — Effectiveness of filing
§ 4-9-517. Effect of indexing errors
§ 4-9-518. Claim concerning inaccurate or wrongfully filed record