Secured Transactions Act 2009 · As enacted · Part III · Amendment, Continuation and Termination of the Notice
15. Amendment of notice
Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Official translationFrom Department of Government Printing, unchanged
An initial notice may be amended by making one or more amendments. An amendment shall—
identify the initial notice by the unique file number allocated to such notice;
specify the name of the secured party on the notice and the name of the person who authorizes the amendment;
indicate that it is an amendment to the notice; and
provide all the relevant information required of an initial notice, in a manner that reflects the amended state of the notice.
Where an amendment makes an addition to the collateral covered by a notice, or a debtor to a notice, such amendment shall be effective if the debtor authorizes in writing, the filing of such amendment.
Where there is more than one secured party specified on the notice, the amendment shall be valid if one secured party authorizes in writing, the filing of such amendment.
An amendment made for the addition of a collateral to the notice shall be valid with respect to the collateral so added, only from the date of the filing of such amendment.
An amendment made for the addition of a name of a debtor to the notice shall be valid with respect to the debtor so added, only from the date of the filing of the amendment.
Where a secured party specified on the notice authorizes in writing the filing of an amendment, such an amendment other than an amendment to add a collateral or add a debtor shall be valid.
An amendment shall be invalid where it deletes all names of secured parties without providing a name of a new secured party, or deletes the name of a debtor and fails to provide a name of a debtor not previously specified on the notice.
Where there is more than one secured party on a notice, each secured party may be required to authorized the filing of an amendment.
Subject to the provisions of section 11, the period of validity of a notice, shall not be extended or deemed to be extended due to filing of an amendment.
Part IV