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Session Laws, 1963
Volume 671, Page 935   View pdf image (33K)
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J. MILLARD TAWES, Governor                        937

the real estate concerned. A copy of the security agreement is suffi-
cient as a financing statement if it contains the above information
and is signed by both parties.

(2)  A financing statement which otherwise complies with sub-
section (1) is sufficient although it is signed only by the secured
party when it is filed to perfect a security interest in

(a)  collateral already subject to a security interest in another
jurisdiction when it is brought into this state. Such a financing
statement must state that the collateral was brought into this state
under such circumstances.

(b)  proceeds under Section 9306, if the security interest in the
original collateral was perfected. Such a financing statement must
describe the original collateral.

(3)  A form substantially as follows is sufficient to comply with
subsection (1):

Name of debtor (or assignor) ............................................................

Address: ..................................................................................................

Name of secured party (or assignee) ..................................................

Address: ..................................................................................................

1.   This financing statement covers the following types (or items)
of property:

(Describe)

2.   (If collateral is crops) The above described crops are growing
or are to be grown on:

(Describe Real Estate)

3.   (If collateral is goods which are or are to become fixtures) The
above described goods are affixed or to be affixed to:

(Describe Real Estate)

4. (If proceeds or products of collateral are claimed) Proceeds
Products of the collateral are also covered.
Signature of Debtor (or Assignor)
Signature of Secured Party (or Assignee)

(4) The term "financing statement" as used in this Sub-title
means the original financing statement and any amendments but if
any amendment adds collateral, it is effective as to the added col-
lateral only from the filing date of the amendment.

(5)  A financing statement substantially complying with the re-
quirements of this section is effective even though it contains minor
errors which are not seriously misleading.

(6)   IN ADDITION TO OTHER REQUIREMENTS STATED
HEREIN, ANY PERSON TENDERING FOR FILING A FINANC-
ING OR CONTINUATION STATEMENT, OR ANY AMEND-
MENT THEREOF, OR AN ASSIGNMENT, TERMINATION OR
RELEASE STATEMENT, UPON A PRINTED FORM SHALL
CAUSE SAID PRINTED FORM TO BE PRINTED IN NOT LESS

 

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Session Laws, 1963
Volume 671, Page 935   View pdf image (33K)
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