Section 440.411. Amendment record.

(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.

History: 2002 MR 21, Eff. Nov. 20, 2002.