(a) General rule.-- A document in record form delivered to the department for filing may be abandoned before it takes effect by delivering to the department for filing a statement of abandonment. (b) Requirements for statement of abandonment.-- A statement of abandonment must: (1) be signed by a person with the authority to sign the statement; (2) identify the document to be abandoned; and (3) state that abandonment of the document has been validly approved. (c) Effect of statement of abandonment.-- Upon filing by the department of a statement of abandonment, the action or transaction evidenced by the original document shall not take effect.
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