This legal document, governed by the Minnesota Statutes under the Uniform Commercial Code, addresses the restrictions on the creation or enforcement of security interests in leasehold interests or lessor’s residual interests. It states that a term in a lease agreement is generally ineffective if it prohibits, restricts, or requires consent for the assignment, transfer, creation, attachment, perfection, or enforcement of a security interest in an interest of a party under the lease contract or in the lessor’s residual interest in the goods.

This legal document, governed by the Minnesota Statutes under the Uniform Commercial Code, addresses the restrictions on the assignment of promissory notes, health-care-insurance receivables, and certain general intangibles. It states that a term in a promissory note or an agreement between an account debtor and a debtor, which prohibits, restricts, or requires consent for the assignment or transfer of the promissory note, health-care-insurance receivable, or general intangible, is ineffective if it impairs the creation, attachment, or perfection of a security interest or provides that the assignment or transfer may give rise to default or other remedies.

This legal document, governed by the Minnesota Statutes under the Uniform Commercial Code, addresses the restrictions on the assignment of letter of credit rights. It states that any term in a letter of credit or any rule of law, statute, regulation, custom, or practice that prohibits, restricts, or requires consent for the assignment of or creation of a security interest in a letter of credit right is ineffective to the extent that it impairs the creation, attachment, or perfection of a security interest or provides that the assignment or creation of a security interest may give rise to default, breach, claim, or other remedies under the letter of credit right.

This legal document, specifically Minnesota Statutes » TRADE REGULATIONS, CONSUMER PROTECTION » UNIFORM COMMERCIAL CODE, pertains to the filing office for perfection of a security interest or agricultural lien. It states that if the local law of Minnesota governs the perfection of a security interest or agricultural lien, the filing office for a financing statement is determined based on the collateral involved. If the collateral is as-extracted collateral or timber to be cut, or if the financing statement is filed as a fixture filing and the collateral is goods that are or are to become fixtures, then the filing office is the office designated for filing or recording a record of a mortgage on the related real property.

This legal document, governed by the Minnesota Statutes under the Uniform Commercial Code, outlines the requirements for a financing statement and the record of a mortgage as a financing statement. A financing statement is considered sufficient if it includes the name of the debtor, the name of the secured party or their representative, and indicates the collateral covered. However, for financing statements related to real property, additional requirements must be met, such as indicating the type of collateral, filing for record in the real property records, providing a description of the real property, and including the name of a record owner if the debtor does not have an interest of record.

This legal document, governed by the Minnesota Statutes, specifically the Uniform Commercial Code, outlines the requirements for providing the name of the debtor and secured party in a financing statement. The document specifies different scenarios and criteria for sufficiency of the debtor’s name, such as when the debtor is a registered organization, when the collateral is held in a trust, or when the debtor is an individual. It also clarifies that failure to indicate the representative capacity of a secured party does not affect the sufficiency of a financing statement.

336.9-504 MS 1998 [Repealed, 2000 c 399 art 1 s 140] 336.9-504 INDICATION OF COLLATERAL. A financing statement sufficiently indicates the collateral that it covers if the financing statement provides: (1) a description of the collateral pursuant to section 336.9-108 ; or (2) an indication that the financing statement covers all assets or all personal property. History: 2000 c 399 art 1 s 75

This legal document, under the Minnesota Statutes, specifically under the Uniform Commercial Code, addresses the filing and compliance requirements for consignments, leases, other bailments, and other transactions. It allows consignors, lessors, bailors, licensors, and buyers of payment intangibles or promissory notes to file a financing statement or comply with relevant statutes or treaties using specific terms such as ‘consignor,’ ’lessor,’ ‘bailor,’ ’licensor,’ ‘buyer,’ etc., instead of ‘secured party’ and ‘debtor.’ The document clarifies that filing or compliance does not determine whether the collateral secures an obligation, but if it is determined for another reason that the collateral does secure an obligation, the security interest held by the mentioned parties is perfected by the filing or compliance.

This legal document, under the Minnesota Statutes, specifically under the Uniform Commercial Code, addresses the effect of errors or omissions in financing statements. It states that a financing statement that substantially satisfies the requirements of this part is effective, even if it contains minor errors or omissions, unless these errors or omissions make the financing statement seriously misleading. However, a financing statement that fails to provide the name of the debtor in accordance with section 336.

This provision, part of the Minnesota Uniform Commercial Code, addresses the effectiveness of a financing statement in certain events. It states that a filed financing statement remains effective even if the collateral is sold, exchanged, leased, licensed, or otherwise disposed of, as long as a security interest or agricultural lien continues. Additionally, a financing statement is not rendered ineffective if the information provided in the financing statement becomes seriously misleading, unless otherwise provided in subsection (c) and section 336.