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Can you summarize MNST 336.9-519?
UNIFORM COMMERCIAL CODE > NUMBERING, MAINTAINING, AND INDEXING RECORDS; COMMUNICATING INFORMATION PROVIDED IN RECORDS.
Short Summary
This legal document governs the duties of filing offices in relation to numbering, maintaining, and indexing records, as well as communicating information provided in records. Filing offices are required to assign a unique number to each filed record, create a record with the assigned number and filing date and time, maintain the filed record for public inspection, and index the filed record according to specific guidelines. The document also specifies the requirements for file numbers assigned after July 1, 2001, and the indexing procedures for real property-related financing statements and assignments. The filing office is required to maintain retrieval and association capabilities for records and is prohibited from removing a debtor’s name from the index until one year after the effectiveness of a financing statement lapses. The document also sets a timeframe for the filing office’s performance of required acts. This document does not apply to a specific type of filing office described in section 336.9-501 (a)(1).
Whom does it apply to?
Filing offices
What does it govern?
Numbering, maintaining, and indexing records; communicating information provided in records.
What are exemptions?
Exemptions are not mentioned.
What are the Penalties?
Penalties for non-compliance are not mentioned.
Jurisdiction
Minnesota