Minn. R. agency 133, ch. 8280, UCC INFORMATION MANAGEMENT SYSTEM, pt. 8280.0150 - PRIMARY DATA ELEMENTS
The primary data elements used in the UCC information management system are contained in items A to F.
A.
(1) Each
initial financing statement is identified by its file number as defined in
Minnesota Statutes, section
336.9-102.
A file number for the initial financing statement is permanently associated
with the record maintained in the UCC information management system. A record
is created and maintained in the information management system for each
financing statement.
(2) A
financing statement other than an initial financing statement is identified by
a unique file number assigned by the filing officer. In the UCC information
management system, records of all financing statements other than initial
financing statements are linked to the record of the related initial financing
statement.
The sequence of the identification number is not an indication of the order in which the document was received.
B. The type of financing statement
from which data is transferred is identified in the UCC information management
system from information on the financing statement. The filing date and filing
time of financing statements are stored in the UCC information management
system.
C. The names and addresses
of debtors and secured parties are entered from financing statements and
records into the UCC information management system.
D. In the UCC information management system,
each financing statement has a status of active or inactive. Active financing
statements are those that are unlapsed or that have lapsed within one year
before the determination of status, except in the case of a financing statement
filed against a transmitting utility that remains active until one year after
it is terminated with respect to all secured parties of record. All other
financing statements are inactive.
E. The total number of pages in a financing
statement is maintained in the UCC information management system.
F. An indicator is maintained by which the
UCC information management system identifies whether or not a financing
statement will lapse and when it will lapse. The lapse date is determined as
defined in Minnesota Statutes, section
336.9-515.
Notes
Statutory Authority:
L
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