1. Amendment of information in financing statement. Subject to section 554.9509, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or, subject to subsection 5, otherwise amend the information provided in,a financing statement by filing an amendment that: a. identifies, by itsfile number, the initial financing statement to which the amendment relates; and b. ifthe amendment relates to an initialfinancing statement filed or recorded in a filing office described in section 554.9501, subsection 1, paragraph “a”, provides the date and time that the initial financing statement was filed or recorded and the information specified in section 554.9502, subsection 2. 2. Period ofeffectiveness not affected. Except as otherwise provided in section 554.9515, the filing of an amendment does not extend the period of effectiveness of the financing statement. 3. Effectiveness of amendment adding collateral. A financing statement that is amended by an amendment that adds collateral iseffective as to the added collateral only from the date of the filing of the amendment. 4. Effectiveness of amendment adding debtor. A financing statement that isamended by an amendment that adds a debtor is effective as to the added debtor only from the date of the filingof the amendment. 5. Certain amendments ineffective. An amendment isineffective to the extent it: a. purports to delete alldebtors and failsto provide the name of a debtor to be covered by the financing statement; or b. purports to delete all secured parties of record and fails to provide the name of a new secured party of record.
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