Section R. 440.102 - DefinitionsRule 102.
(1) As used in these rules:(a) "Amendment" as described in section 9512 of the UCC, MCL 440.9512, includes assignments, continuations, and terminations.(b) "Assignment" means an amendment that purports to reflect an assignment of all or a part of a secured party's power to authorize an amendment to a financing statement.(c) "File number" means the unique identification number assigned to an initial financing statement by the filing officer t o i d e n t i f y the initial financing statement and permanently associate the initial financing statement with all financing statements related to it in the UCC information management system. The filing number bears no relation to the time of filing and is not an indicator of priority.(d) "Filing office" and "filing officer" mean the UCC section of the office of secretary of state or its successor.(e) "Individual" means a human being, or a decedent in the case of a debtor that is the decedent"s estate.(f) "Information statement" means a record that indicates, under section 9518 of the UCC, MCL 440.9518, that a financing statement is inaccurate or wrongfully filed.(g) "Initial financing statement" means a financing statement containing the information required by section 9502 of the UCC, MCL 440.9502, which, when filed, creates the initial record in the UCC information management system.(h) "Remitter" means a person that tenders a financing statement to the filing officer for filing, whether the person is a filer or an agent of a filer responsible for tendering the record for filing. Remitter does not include a person responsible merely for the delivery of the financing statement to the filing office, such as the postal service or a courier service, but does include a service provider who acts as a filer"s representative in the filing process.(i) "UCC" means the uniform commercial code, 1962 PA 174, MCL 440.1101 to 440.9994.(j) "UCC information management system" means the information management system used by the filing officer to store, index, and retrieve information relating to financing statements.(k) "Unique identification number" or "identification number" means a number that includes the year of filing expressed as the first 4 digits of a unique number assigned to the financing statement by the filing office and a 1-digit verification number, referred to as a check digit, assigned by the filing office, but mathematically derived from other numbers in the unique number.(2) A word or term defined in the UCC has the same meaning when used in these rules.Mich. Admin. Code R. 440.102
2002 AACS; 2023 MR 22, Eff. 11/16/2023