Pregunta:
Amendments can
Autor: Parker KirkpatrickRespuesta:
• Amend the debtors location (within 4 months of moving) • Change the collateral • Change name of debtor (within 4 months of name change) • transfer to another person who thereby becomes the debtor who lives in another state (within 1 year of transfer) • For mergers and acquisitions • If collateral moves states, you don’t need to amend, it is only when debtor moves but a good SA will state that collateral cannot move without consent of secured creditor
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