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Can you summarize MNST 336.9-707?
UNIFORM COMMERCIAL CODE > AMENDMENT OF PRE-EFFECTIVE DATE FINANCING STATEMENT.
Short Summary
This legal document pertains to pre-effective date financing statements. It defines a pre-effective date financing statement as a financing statement filed before Laws 2000, chapter 399 takes effect. After the law takes effect, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information provided in a pre-effective date financing statement only in accordance with the law of the jurisdiction governing perfection as provided in Part 3. The document specifies the methods of amending a pre-effective date financing statement, including filing an amendment concurrently with an initial financing statement or filing an initial financing statement that provides the amended information. It also allows for the termination of a pre-effective date financing statement by filing a termination statement in the office where the financing statement is filed. No penalties or exemptions are mentioned in this document.
Whom does it apply to?
Persons who have filed a financing statement before Laws 2000, chapter 399 takes effect
What does it govern?
Pre-effective date financing statements
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Minnesota