Can you summarize MNST 336.9-528?
Satellite offices shall accept Uniform Commercial Code documents and respond to requests for information pursuant to the provisions of sections 336.9-101 to 336.9-708 . A filing made at a satellite office is filed and effective at the same time and under the same rules provided for filing in any other manner in the Uniform Commercial Code information system. The filing date, time, and file number for any Uniform Commercial Code document accepted at a satellite office must be automatically assigned by the Uniform Commercial Code information management system operated by the secretary of state, and the file number must be the next available file number in the Uniform Commercial Code information management system.
Can you summarize MNST 336.9-529?
The secretary of state shall maintain all Uniform Commercial Code documents and the database used to index them regardless of where or how the Uniform Commercial Code document was filed. The Uniform Commercial Code documents and database must be housed in the Uniform Commercial Code information management system. Uniform Commercial Code documents and data shall be available from the secretary of state or any satellite office. The secretary of state shall arrange by mutual agreement with county recorders for the storage and retrieval of existing Uniform Commercial Code documents.
Can you summarize MNST 336.9-530?
This legal document, found in the Minnesota Statutes under the Trade Regulations and Consumer Protection section, specifically within the Uniform Commercial Code, establishes performance standards for filing officers at satellite offices. It requires all filing officers, whether they are located at the secretary of state’s office or at a satellite office, to perform their responsibilities in a uniform manner. If citizens report concerns about the performance of filing officer responsibilities, they must report it to the secretary of state.
Can you summarize MNST 336.9-531?
This legal document governs the electronic access, liability, and retention of information in the central filing system maintained by the Secretary of State. Private parties may have electronic access to the system and other computerized records on a fee basis, with certain exceptions for visual access at public counters and access by law enforcement personnel. If electronic access is provided, it must be available 24/7. Social Security numbers maintained by the Secretary of State are considered private or nonpublic data.
Can you summarize MNST 336.9-601?
This legal document, part of the Minnesota Statutes under the Trade Regulations and Consumer Protection section, pertains to the rights and enforcement procedures after default in a secured transaction. It outlines the rights of a secured party, including the ability to reduce a claim to judgment, foreclose, or enforce the claim through judicial procedures. The document also discusses the rights and duties of a secured party in possession or control of collateral.
Can you summarize MNST 336.9-602?
This legal document, part of the Minnesota Statutes under the Uniform Commercial Code, governs the rights and duties of debtors, obligors, and secured parties in relation to collateral. It specifies that certain rules cannot be waived or varied by the debtor or obligor if they give rights to the debtor or obligor and impose duties on the secured party. The document lists the specific sections that cannot be waived or varied, including those related to the use and operation of collateral, requests for accounting and information about collateral, collection and enforcement of collateral, application or payment of noncash proceeds, accounting for surplus proceeds, taking possession of collateral without judicial process, disposition of collateral, calculation of deficiency or surplus, explanation of surplus or deficiency calculation, acceptance of collateral in satisfaction of obligation, redemption of collateral, permissible waivers, and secured party’s liability for failure to comply with the article.
Can you summarize MNST 336.9-603?
(a) Agreed standards. The parties may determine by agreement the standards measuring the fulfillment of the rights of a debtor or obligor and the duties of a secured party under a rule stated in section 336.9-602 if the standards are not manifestly unreasonable. (b) Agreed standards inapplicable to breach of peace. Subsection (a) does not apply to the duty under section 336.9-609 to refrain from breaching the peace. History: 2000 c 399 art 1 s 104
Can you summarize MNST 336.9-604?
This legal document, part of the Minnesota Statutes under the Uniform Commercial Code, provides guidelines for the enforcement of security agreements that cover both personal and real property, as well as fixtures. If a security agreement covers both personal and real property, a secured party may proceed with enforcement separately for the personal property without affecting their rights with respect to the real property. Alternatively, they may enforce both the personal and real property together, following the rights associated with the real property.
Can you summarize MNST 336.9-605?
A secured party does not owe a duty based on its status as secured party: (1) to a person that is a debtor or obligor, unless the secured party knows: (A) that the person is a debtor or obligor; (B) the identity of the person; and (C) how to communicate with the person; or (2) to a secured party or lienholder that has filed a financing statement against a person, unless the secured party knows: (A) that the person is a debtor; and (B) the identity of the person.
Can you summarize MNST 336.9-606?
For purposes of this part, a default occurs in connection with an agricultural lien at the time the secured party becomes entitled to enforce the lien in accordance with the statute under which it was created. History: 2000 c 399 art 1 s 107