(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.