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| 1 | A bill to be entitled | ||
| 2 | An act relating to the Uniform Commercial Code; amending | ||
| 3 | s. 679.509, F.S.; providing additional requirements for | ||
| 4 | filing certain amendments to financing statements; | ||
| 5 | providing an effective date. | ||
| 6 | |||
| 7 | Be It Enacted by the Legislature of the State of Florida: | ||
| 8 | |||
| 9 | Section 1. Subsection (3) of section 679.509, Florida | ||
| 10 | Statutes, is amended to read: | ||
| 11 | 679.509 Persons entitled to file a record.-- | ||
| 12 | (3) A person may file an amendment other than an amendment | ||
| 13 | that adds collateral covered by a financing statement or an | ||
| 14 | amendment that adds a debtor to a financing statement only if: | ||
| 15 | (a) The secured party of record authorizes the filing; or | ||
| 16 | (b) The amendment is a termination statement for a | ||
| 17 | financing statement as to which the secured party of record has | ||
| 18 | failed to file or send a termination statement as required by s. | ||
| 19 | 679.5131(1) or (3), the debtor authorizes the filing, and the | ||
| 20 | termination statement indicates that the debtor authorized it to | ||
| 21 | be filed. | ||
| 22 | Section 2. This act shall take effect July 1, 2003. | ||
| 23 | |||