(1) Except as otherwise provided in this chapter, a person may withdraw an entity filing delivered to the division before the entity filing takes effect by delivering to the division for filing a statement of withdrawal.
(2) A person creating and delivering to the division a statement of withdrawal shall ensure that:
(a) subject to Subsection (2)(c), each person that signed the entity filing being withdrawn signs the statement of withdrawal;
(b) the statement of withdrawal identifies the entity filing to be withdrawn; and
(c) if the statement of withdrawal is signed by fewer than the total number of persons that signed the entity filing being withdrawn, the entity filing is withdrawn in accordance with the agreement of each person that signed the entity filing.
(3) Once the division files the statement of withdrawal, the action or transaction evidenced by the original entity filing does not take effect.