Minn. R. agency 133, ch. 8280, UCC INFORMATION MANAGEMENT SYSTEM, pt. 8280.0240
Current through Register Vol. 49, No. 29, 2025
The filing of a termination has no effect on the status of any party to the financing statement.
A termination has no effect on the status of the financing statement and the financing statement will remain active in the UCC information management system until one year after it lapses. However, if a termination relates to an initial financing statement that indicates it is filed against a transmitting utility, the financing statement becomes inactive one year after it is terminated with respect to all secured parties of record.
Minn. R. agency 133, ch. 8280, UCC INFORMATION MANAGEMENT SYSTEM, pt. 8280.0240
Statutory Authority: L 2000 c 399 art 1s 139