Section R. 440.301 - Primary data elementsRule 301.
(1) The primary data elements used in the UCC information management system are the following:(a) Identification number, as follows:(i) Each initial financing statement is identified by its file number as described in R 440.102(1)(d).(ii) A financing statement other than an initial financing statement is identified by a unique identification number assigned by the filing officer.(b) Type of financing statement.(c) Filing date and time of financing statements.(d) The names and addresses of debtors and secured parties.(e) Status of each financing statement as active or inactive.(f) The total number of pages in a financing statement.(g) A lapse indicator that identifies when a financing statement will lapse. The lapse date of an initial financing statement is determined as provided in R 440.404 based upon its filing date.
(2) A record is created and maintained in the UCC information management system for each initial financing statement.(3) A record is created and maintained in the UCC information management system for each financing statement other than an initial financing statement and is linked to the record of its related initial financing statement.(4) The records created and maintained in the UCC information management system for each initial financing statement and all financing statements relating to it are permanently associated with one another.Mich. Admin. Code R. 440.301
2002 MR 21, Eff. Nov. 20, 2002