Can you summarize MNST 336.9-518?
This legal document pertains to the filing of an information statement in the filing office to address inaccuracies or wrongful filings of records. Any person who believes that a record indexed under their name is inaccurate or wrongfully filed can file an information statement. The statement must identify the record, indicate that it is an information statement, and provide the basis for the belief of inaccuracy or wrongful filing. Additionally, a secured party of record with respect to a financing statement can file an information statement if they believe that the person who filed the record was not entitled to do so under section 336.
Can you summarize MNST 336.9-519?
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.
Can you summarize MNST 336.9-520?
This legal document governs the acceptance and refusal to accept records for filing by filing offices. It specifies that a filing office shall refuse to accept a record for filing if it falls under the reasons set forth in section 336.9-516 (b). The filing office may communicate the refusal to the person presenting the record, providing the reason for refusal and the hypothetical filing date and time. A filed financing statement satisfying section 336.
Can you summarize MNST 336.9-521?
(a) Initial financing statement form. A filing office that accepts written records may not refuse to accept a written initial financing statement in the form and format adopted by the National Conference of Commissioners on Uniform State Laws, except for a reason set forth in section 336.9-516 (b). (b) Amendment form. A filing office that accepts written records may not refuse to accept a written amendment of an initial financing statement record in the form and format adopted by the National Conference of Commissioners on Uniform State Laws, except for a reason set forth in section 336.
Can you summarize MNST 336.9-522?
(a) Post-lapse maintenance and retrieval of information. The filing office shall maintain a record of the information provided in a filed financing statement for at least one year after the effectiveness of the financing statement has lapsed under section 336.9-515 with respect to all secured parties of record. The record must be retrievable by using the name of the debtor and by using the file number assigned to the initial financing statement to which the record relates.
Can you summarize MNST 336.9-523?
This legal document governs the procedures of the filing office and the sale or license of records. It specifies that if a person files a written record and requests an acknowledgment, the filing office must send an image of the record with the assigned number and filing date. If a copy of the record is furnished, the filing office may note the assigned number and filing date on the copy and send it to the person.
Can you summarize MNST 336.9-524?
Delay by the filing office beyond a time limit prescribed by this part is excused if: (1) the delay is caused by interruption of communication or computer facilities, war, emergency conditions, failure of equipment, or other circumstances beyond control of the filing office; and (2) the filing office exercises reasonable diligence under the circumstances. History: 2000 c 399 art 1 s 95
Can you summarize MNST 336.9-525?
This legal document governs the fees associated with filing and indexing records under the Uniform Commercial Code (UCC) in Minnesota. The general rule is that the fee for filing and indexing a record is $20, with $5 of the fee collected for each online filing being deposited in the uniform commercial code account. The number of names required to be indexed does not affect the fee amount. Additionally, there is a fee of $20 for responding to a request for information from the filing office, including issuing a certificate or providing images of a financing statement.
Can you summarize MNST 336.9-526?
The secretary of state shall report annually on or before January 1 to the legislature on the operation of the filing office. History: 2000 c 399 art 1 s 97
Can you summarize MNST 336.9-527?
The secretary of state may establish satellite offices by written agreements with public officials within the state for the purpose of meeting the filing officer responsibilities described in sections 336.9-528 to 336.9-530 . The term of the agreement must be set by, and may be renewed by, mutual agreement. The agreement may be terminated upon 60 days’ notice. The secretary must maintain a list of those public officials authorized to act as satellite offices.