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Can you summarize MNST Chapter 336A?
TRADE REGULATIONS, CONSUMER PROTECTION > FARM PRODUCT LIENS AND FINANCING STATEMENTS
Short Summary
This legal document, part of the Minnesota Statutes governing Trade Regulations and Consumer Protection, specifically focuses on Farm Product Liens and Financing Statements. It provides definitions for various terms used in this chapter, including ‘business day’, ‘buyer in the ordinary course of business’, ‘commission merchant’, ‘computerized filing system’, ‘crop year’, ‘debtor’, ’effective financing statement’, ‘farm product’, ‘farm product dealer’, ‘farm products statutory lien’, ‘filing office’, ‘filing officer’, ’lienholder’, ’lien notice’, ‘monthly list’, ‘person’, ‘secured party’, ‘security interest’, and ‘selling agent’. The document also mentions the creation of a computerized filing system by the secretary of state for filing and giving notice of effective financing statements and farm products statutory liens. It further defines the obligations and rights of debtors, lienholders, and secured parties in relation to farm products. The document does not specify any penalties for non-compliance or violation of its provisions.
Whom does it apply to?
Secured parties, lienholders, and debtors involved in transactions concerning farm products
What does it govern?
Farm Product Liens and Financing Statements
What are exemptions?
No specific exemptions are mentioned in this document
What are the Penalties?
No specific penalties are mentioned in this document
Jurisdiction
Minnesota