950 CMR, § 140.33
Current through Register 1533, October 25, 2024
If there is no timely filing of a continuation with respect to a financing statement, the financing statement lapses on its lapse date but no action is then taken by the filing office. On the first anniversary of such lapse date, the filing office may remove the financing statement from the information management system and such statement will no longer be available to a searcher unless inactive statements are requested by the searcher and the financing statement is still retrievable on the information management system.
950 CMR, § 140.33