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Can you summarize MNST 336.9-518?
UNIFORM COMMERCIAL CODE > CLAIM CONCERNING INACCURATE OR WRONGFULLY FILED RECORD.
Short Summary
This legal document pertains to the filing of an information statement in the filing office to address inaccuracies or wrongful filings of records. Any person who believes that a record indexed under their name is inaccurate or wrongfully filed can file an information statement. The statement must identify the record, indicate that it is an information statement, and provide the basis for the belief of inaccuracy or wrongful filing. Additionally, a secured party of record with respect to a financing statement can file an information statement if they believe that the person who filed the record was not entitled to do so under section 336.9-509 (d). The information statement does not affect the effectiveness of the initial financing statement or other filed records.
Whom does it apply to?
Any person who believes that a record indexed under their name is inaccurate or wrongfully filed, or any secured party of record with respect to a financing statement who believes that a record filed in the filing office was not entitled to do so under section 336.9-509 (d).
What does it govern?
Minnesota Statutes >> TRADE REGULATIONS, CONSUMER PROTECTION >> UNIFORM COMMERCIAL CODE
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Minnesota