(a) Applicability of section. Except as otherwise provided in subsection (c), this section applies if: (1) there is no outstanding secured obligation; and (2) the secured party is not committed to make advances, incur obligations, or otherwise give value. (b) Duties of secured party after receiving demand from debtor. Within ten days after receiving an authenticated demand by the debtor, a secured party shall send to an account debtor that has received notification of an assignment to the secured party as assignee under section 336.

This legal document, governed by the Minnesota Statutes under the Uniform Commercial Code, pertains to requests for accounting, requests regarding a list of collateral, and requests regarding a statement of account. It defines the terms used in this section, such as ‘request,’ ‘request for an accounting,’ ‘request regarding a list of collateral,’ and ‘request regarding a statement of account.’ The document outlines the duty of a secured party, excluding buyers of certain types of assets and consignors, to respond to these requests within 14 days by providing an accounting, approving or correcting a list of collateral, or approving or correcting a statement of account.

This legal document, governed by the Minnesota Statutes under the Uniform Commercial Code, addresses the perfection and priority of security interests. It establishes rules for determining the law governing perfection, the effect of perfection or nonperfection, and the priority of a security interest in collateral. The document specifies that the local law of the jurisdiction where the debtor is located governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in collateral.

336.9-302 MS 1998 [Repealed, 2000 c 399 art 1 s 140] 336.9-302 LAW GOVERNING PERFECTION AND PRIORITY OF AGRICULTURAL LIENS. While farm products are located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of an agricultural lien on the farm products. History: 2000 c 399 art 1 s 22

This section of the Minnesota Statutes, under the Trade Regulations and Consumer Protection section of the Uniform Commercial Code, governs the perfection and priority of security interests in goods covered by a certificate of title. It applies to goods that are covered by a certificate of title, regardless of any other relationship between the jurisdiction issuing the certificate and the goods or debtor. The section defines when goods become covered by a certificate of title and when they cease to be covered.

This legal document, governed by the Minnesota Statutes under the Uniform Commercial Code, addresses the perfection and priority of security interests in deposit accounts. It states that the local law of a bank’s jurisdiction governs the perfection, effect, and priority of a security interest in a deposit account maintained with that bank. The document provides rules to determine a bank’s jurisdiction, such as agreements between the bank and the debtor/customer, the location of the office serving the customer’s account, or the chief executive office of the bank.

This legal document, governed by the Minnesota Statutes under the Uniform Commercial Code, addresses the perfection and priority of security interests in investment property. It establishes the rules for determining the governing law and jurisdiction for different types of securities, including certificated securities, uncertificated securities, security entitlements, securities accounts, commodity contracts, and commodity accounts. The document specifies that the local law of the jurisdiction where a security certificate is located governs perfection and priority for certificated securities, while the local law of the issuer’s jurisdiction governs perfection and priority for uncertificated securities.

This legal document, governed by the Uniform Commercial Code under Minnesota Statutes, pertains to the perfection and priority of security interests in letter of credit rights. It states that the local law of the issuer’s jurisdiction or a nominated person’s jurisdiction governs the perfection, effect, and priority of a security interest in a letter of credit right if the issuer’s jurisdiction or nominated person’s jurisdiction is a state. The issuer’s or nominated person’s jurisdiction is defined as the jurisdiction whose law governs the liability of the issuer or nominated person with respect to the letter of credit right.

This legal document, specifically Section 336.9-307 of the Minnesota Statutes, provides rules for determining the location of a debtor in the context of nonpossessory security interests. The document defines ‘place of business’ as a location where a debtor conducts its affairs. It states that an individual debtor is located at their principal residence, while an organization debtor with only one place of business is located at that place of business. If an organization debtor has multiple places of business, it is located at its chief executive office.

This legal document, part of the Minnesota Statutes under the Uniform Commercial Code, governs the perfection of security interests and agricultural liens. It specifies that a security interest is perfected if it has attached and all applicable requirements for perfection have been satisfied. Similarly, an agricultural lien is perfected if it has become effective and all applicable requirements have been satisfied. The document also states that a security interest or agricultural lien can be perfected continuously by different methods under this article, without any period of being unperfected.