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Can you summarize MNST 336.9-516?
UNIFORM COMMERCIAL CODE > WHAT CONSTITUTES FILING; EFFECTIVENESS OF FILING.
Short Summary
This legal document pertains to the filing and effectiveness of filing under the Uniform Commercial Code (UCC) in Minnesota. It specifies that communication of a record to a filing office and tender of the filing fee or acceptance of the record by the filing office constitutes filing, unless otherwise provided. The document outlines various circumstances where filing does not occur, such as when the filing office refuses to accept a record due to reasons like improper communication method, insufficient information, or unlawful intent. It also clarifies rules for records that do not provide required information or indicate their nature. The document further states that a record initially refused by the filing office but later accepted with additional information is effective as if it had not been initially refused, except against a purchaser of the collateral who relied on the absence of the record. No specific penalties are mentioned in this document.
Whom does it apply to?
Entities and individuals who file records with a filing office under the UCC in Minnesota
What does it govern?
Filing and effectiveness of filing under the Uniform Commercial Code (UCC) in Minnesota
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Minnesota