Key: (1) language to be deleted (2) new language
Laws of Minnesota 1992
CHAPTER 525-H.F.No. 769
An act relating to agriculture; increasing the
surcharge on uniform commercial code filings and
searches; providing for a central computerized filing
system for effective financing statements and farm
products statutory lien notices; appropriating money;
amending Minnesota Statutes 1991 Supplement, section
336.9-413; proposing coding for new law as Minnesota
Statutes, chapter 336A; repealing Minnesota Statutes
1990, sections 223A.02; 223A.03; 223A.04; 223A.05;
223A.06; and 223A.07.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1. Minnesota Statutes 1991 Supplement, section
336.9-413, is amended to read:
336.9-413 [UNIFORM COMMERCIAL CODE ACCOUNT.]
(a) The uniform commercial code account is established as
an account in the state treasury.
(b) The filing officer with whom a financing statement,
amendment, assignment, statement of release, or continuation
statement is filed, or to whom a request for search is made,
shall collect a $4 surcharge on each filing or search, except
that the surcharge is $5 during the fiscal year ending June 30,
1993. By the 15th day following the end of each fiscal quarter,
each county recorder shall forward the receipts from the
surcharge accumulated during that fiscal quarter to the
secretary of state. The surcharge does not apply to a search
request made by a natural person who is the subject of the data
to be searched except when a certificate is requested as a part
of the search.
(c) The surcharge amounts received from county recorders
and the surcharge amounts collected by the secretary of state's
office must be deposited in the state treasury and credited to
the general fund.
(d) Fees that are not expressly set by statute but are
charged by the secretary of state to offset the costs of
providing a service under sections 336.9-411 to 336.9-413 must
be deposited in the state treasury and credited to the uniform
commercial code account.
(e) Fees that are not expressly set by statute but are
charged by the secretary of state to offset the costs of
providing information contained in the computerized records
maintained by the secretary of state must be deposited in the
state treasury and credited to the uniform commercial code
account.
(f) Money in the uniform commercial code account is
continuously appropriated to the secretary of state to implement
and maintain the computerized uniform commercial code filing
system under section 336.9-411 and to provide
electronic-view-only access to other computerized records
maintained by the secretary of state.
Sec. 2. [336A.01] [DEFINITIONS.]
Subdivision 1. [APPLICABILITY.] The definitions in this
section apply to this chapter.
Subd. 2. [BUYER IN THE ORDINARY COURSE OF
BUSINESS.] "Buyer in the ordinary course of business" means a
person who, in the ordinary course of business, buys farm
products from a person engaged in farming operations who is in
the business of selling farm products.
Subd. 3. [COMMISSION MERCHANT.] "Commission merchant"
means a person engaged in the business of receiving a farm
product for sale on commission or for or on behalf of another
person.
Subd. 4. [COMPUTERIZED FILING SYSTEM.] "Computerized
filing system" means the system created under section 336.9-411
with separate programs for filing and giving notice of effective
financing statements and farm products statutory liens.
Subd. 5. [EFFECTIVE FINANCING STATEMENT.] "Effective
financing statement" means an original or reproduced copy of an
original statement that meets the requirements of section 4.
Subd. 6. [FARM PRODUCT.] "Farm product" means an
agricultural commodity, a species of livestock used or produced
in farming operations, or a product of a crop or the livestock
in its unmanufactured state, that is in the possession of a
person engaged in farming operations.
Subd. 7. [FARM PRODUCT DEALER.] "Farm product dealer"
means a buyer in the ordinary course of business, a commission
merchant, or a selling agent.
Subd. 8. [FARM PRODUCTS STATUTORY LIEN.] "Farm products
statutory lien" means a lien on farm products which is given by
statute or other rule of law for services or materials.
Subd. 9. [FILING OFFICE.] "Filing office" means the office
of the county recorder or the office of the secretary of state.
Subd. 10. [FILING OFFICER.] "Filing officer" means a
county recorder, the secretary of state, or an agent of a county
recorder or the secretary of state authorized to accept filings.
Subd. 11. [LIEN NOTICE.] "Lien notice" means an original
or reproduced copy of an original statement that meets the
requirements of section 4.
Subd. 12. [PERSON.] "Person" means an individual,
partnership, corporation, trust, or other business entity.
Subd. 13. [SECURITY INTEREST.] "Security interest" means
an interest in farm products that secures payment or performance
of an obligation.
Subd. 14. [SELLING AGENT.] "Selling agent" means a person,
other than a commission merchant, who is engaged in the business
of negotiating the sale and purchase of a farm product on behalf
of a person engaged in farming operations.
Sec. 3. [336A.02] [SPECIFICATION OF FARM PRODUCTS.]
The secretary of state shall, by rule, determine which
specific farm products will be included in the computerized
filing and notification system. Consideration shall be given to
the value of the product sold within the state and its marketing
system.
Sec. 4. [336A.03] [CONTENTS OF FINANCING STATEMENT OR LIEN
NOTICE.]
Subdivision 1. [SUBSTANTIAL COMPLIANCE.] An effective
financing statement or lien notice must substantially comply
with this section but may contain minor errors that are not
seriously misleading.
Subd. 2. [CONTENTS.] (a) An effective financing statement
or lien notice must contain:
(1) a description of the farm products subject to the
security interest or farm products statutory lien, including the
amount of the farm products, if applicable, and a reasonable
description of the location of the property, including the
county, where the farm products are located;
(2) the name and address of the secured party or the person
entitled to the farm products statutory lien;
(3) the name and address of the debtor;
(4) in the case of an effective financing statement, the
social security number of the debtor, or, if the debtor is doing
business other than as an individual, the United States Internal
Revenue Service taxpayer identification number of the debtor;
(5) in the case of an effective financing statement, the
following statement with the appropriate blank checked:
"THIS EFFECTIVE FINANCING STATEMENT .... WILL ..... WILL
NOT BE TERMINATED WITHIN 30 DAYS OF THE DATE ON WHICH THE
OBLIGATION(S) IT SECURES NO LONGER EXIST."; and
(6) in the case of a lien notice, any payment obligations
imposed on the buyer, commission merchant, or selling agent as a
condition for waiver or release of the farm products statutory
lien.
(b) An effective financing statement or lien notice for one
or more debtors may cover more than one farm product located in
more than one county.
(c) The effective financing statement form and lien notice
may not be combined with a Uniform Commercial Code financing
statement form.
(d) An effective financing statement must contain the
following statement, all in capital letters:
"THE INFORMATION CONTAINED IN THIS EFFECTIVE FINANCING
STATEMENT WILL BE SENT TO FARM PRODUCT BUYERS REGISTERED IN
MINNESOTA. SALE OF FARM PRODUCTS TO THOSE BUYERS MAY
RESULT IN A CHECK BEING ISSUED PAYABLE JOINTLY TO BOTH THE
SELLER AND THE SECURED PARTY."
Subd. 3. [SIGNATURES.] A lien notice must be signed by the
lienholder. An effective financing statement must be signed by:
(1) the secured party; and
(2) the debtor.
Subd. 4. [REQUIRED AMENDMENTS.] An effective financing
statement or lien notice must be amended in writing within three
months after material changes occur to reflect the material
changes. The amendment to an effective financing statement or a
lien statement must be signed and filed in the same manner
required for the original document.
Subd. 5. [EFFECTIVE PERIOD.] (a) An effective financing
statement is effective for five years from the date of filing.
The effective period may be extended for additional periods of
five years as provided in section 7.
(b) An effective financing statement is not effective after:
(1) the effective financing statement lapses on the
expiration of the effective period; or
(2) a notice that the effective financing statement is
terminated is signed by the secured party and filed in the
filing office where the original effective financing statement
is filed.
(c) A lien notice is not effective after:
(1) five years from the date of filing;
(2) expiration of the period for commencing an action to
enforce the lien under applicable Minnesota law; or
(3) the obligation secured by the statutory lien no longer
exists.
Sec. 5. [336A.04] [FILING EFFECTIVE FINANCING STATEMENT OR
LIEN NOTICE.]
Subdivision 1. [FILING LOCATION.] An effective financing
statement or lien notice must be filed in the office of the
secretary of state or the county recorder in the county of the
debtor's residence if the debtor is an individual or
organization with residence in this state. If the debtor is not
a resident of this state, the effective financing statement or
lien notice must be filed in the office of the secretary of
state.
Subd. 2. [EFFECTIVE FILING.] Presentation of an effective
financing statement or lien notice with the appropriate filing
fee to a filing officer or acceptance of the statement by a
filing officer constitutes filing under this chapter.
Subd. 3. [FEES.] (a) The fee for filing and indexing a
standard form for a lien notice, effective financing statement,
amendment, or continuation statement, and stamping the date and
place of filing on a copy of the filed document furnished by the
filing party is $10 when a single debtor name is listed. If
more than one debtor's name is listed on a standard form, the
fee is $17. If one debtor's name is listed on a nonstandard
effective filing statement, assignment or continuation
statement, or a nonstandard lien notice or assignment of a lien
notice, the fee is $13. If more than one debtor's name is
listed on a nonstandard form, the fee is $20.
(b) The fee for filing an amendment on the standard form
that does not add debtors' names to the lien notice or effective
financing statement is $10. If a nonstandard form is used, the
fee is $13. The fee for an amendment that adds debtors' names
is $17 if a standard form is used or $20 if a nonstandard form
is used. The fee for filing a partial release is $10 if a
standard form is used or $13 if a nonstandard form is used.
(c) A fee may not be charged for filing a termination
statement if the termination is filed within 30 days after
satisfaction of the lien or security interest. Otherwise, the
fee is $10.
(d) A county recorder shall forward $5 of each filing fee
collected under this subdivision to the secretary of state by
the 15th of the month following the end of each fiscal quarter.
The balance of the filing fees collected by a county recorder
must be deposited in the general fund of the county.
Subd. 4. [FILING PROCEDURE.] (a) The filing officer shall
mark the effective financing statement or lien notice with a
consecutive file number and the date and hour of filing.
(b) The filing office shall maintain the original filed
document or a microfilm or other photographic copy of the filed
document for public inspection as provided in rule by the
secretary of state.
(c) The filing office shall index filed documents according
to the file number of the document.
Subd. 5. [ENTERING FILING INFORMATION INTO COMPUTERIZED
FILING SYSTEM.] Each filing office shall enter the information
from the filed documents into the computerized filing system as
prescribed by the secretary of state.
The secretary of state shall record lien notices in the
computerized filing system in a manner that separately
identifies all farm products statutory liens, and shall ensure
that the computerized filing and notification system
distinguishes security interests covered by effective financing
statements from liens covered by lien notices to the extent
required by United States Code, title 7, section 1631, et seq.,
and regulations adopted under those sections.
Subd. 6. [VERIFICATION OF INFORMATION.] A person who has
filed an effective financing statement or lien notice may verify
the accuracy of the information entered into the computerized
filing system and compiled into the master list by making an
inquiry under section 10. The secretary of state shall
establish a procedure for requesting an inquiry to verify the
accuracy of the information at the time of filing.
Sec. 6. [336A.05] [EFFECT OF FILING ON PERFECTION AND
PRIORITY.]
Filing under this chapter does not affect the perfection or
priority of security interests filed under the Uniform
Commercial Code or a farm products statutory lien filed in
accordance with the provisions of law under which it was created.
Sec. 7. [336A.06] [CONTINUATION STATEMENT.]
Subdivision 1. [FILING PERIOD.] A secured party may file a
continuation statement for an effective financing statement
within six months before a five-year effective period expires.
Subd. 2. [CONTENTS.] A continuation statement must:
(1) be signed by the secured party and the debtor;
(2) identify the original effective financing statement by
file number; and
(3) state that the original effective financing statement
is still effective.
Subd. 3. [EFFECTIVE PERIOD.] If a continuation statement
is filed within six months before a five-year effective period
expires, the effectiveness of the original effective financing
statement continues for an additional five years after the
original five-year effective period. Additional continuation
statements filed within six months before an effective period
expires continue the effectiveness of the original effective
financing statement for additional five-year periods.
Subd. 4. [FILING.] The continuation statement must be
filed in the filing office where the original effective
financing statement is filed.
Sec. 8. [336A.07] [TERMINATION STATEMENTS.]
Subdivision 1. [REQUIREMENT.] (a) If required in an
effective financing statement, a secured party shall within 30
days file a lien termination statement and termination statement
for the effective financing statement when:
(1) an outstanding secured obligation does not exist; and
(2) a written commitment to make advances, incur
obligations, or otherwise give value does not exist.
(b) A lienholder shall file a termination statement with
respect to a lien notice within 30 days after an outstanding
lien notice obligation no longer exists.
Subd. 2. [CONTENTS.] A lien termination statement and
termination statement for the effective financing statement must:
(1) state the file number of the effective financing
statement or lien notice;
(2) state the date on which the lien or security interest
was satisfied;
(3) state that the secured party does not claim a security
interest under the effective financing statement or that the
lienholder does not claim a lien under the lien notice; and
(4) be signed by the secured party or lienholder.
Subd. 3. [FILING.] A termination statement for an
effective financing statement must be filed by the secured party
in the filing office where the original effective financing
statement is filed. A termination statement for the lien notice
must be filed by the lienholder in the same manner required for
filing the lien notice.
Subd. 4. [FAILURE TO FILE.] If the secured party or
lienholder fails to file a termination statement as required by
subdivision 1, or within ten days after a debtor serves a
written demand for the termination statement if the conditions
in subdivision 1 exist, the secured party or lienholder is
liable to the debtor for $100 plus any loss caused to the debtor
by failing to file the termination statement. For the second
and each subsequent time a secured party or lienholder is found
liable to a debtor under this subdivision in any one calendar
year, the secured party or lienholder is liable to the debtor
for $250 plus any loss caused to the debtor.
Subd. 5. [FILING PROCEDURES.] (a) When a termination
statement is filed, each filing office must delete the
information from the active files as prescribed by the secretary
of state.
(b) If the termination statement is filed in duplicate, the
filing office shall return one copy of the termination
statement, stamped to show the time of receipt, to the secured
party or lienholder.
Sec. 9. [336A.08] [MASTER LIST.]
Subdivision 1. [COMPILATION.] (a) The secretary of state
shall compile the information on effective financing statements
in the computerized filing system into a master list:
(1) organized according to farm product;
(2) arranged within each product:
(i) in alphabetical order according to the last name of the
individual debtor or, in the case of debtors doing business
other than as individuals, the first word in the name of the
debtors;
(ii) in numerical order according to the social security
number of the individual debtor or, in the case of debtors doing
business other than as individuals, the Internal Revenue Service
taxpayer identification number of the debtors;
(iii) geographically by county; and
(iv) by crop year; and
(3) containing the information provided on an effective
financing statement.
(b) The secretary of state shall compile information from
lien notices recorded in the computerized filing system into a
statutory lien master list in alphabetical order according to
the last name of the individual debtor or, in the case of
debtors doing business other than as individuals, the first word
in the name of the debtors. The secretary of state may also
organize the statutory lien master list according to one or more
of the categories of information established in paragraph (a).
Subd. 2. [REMOVAL OF EFFECTIVE FINANCING STATEMENTS AND
LIEN NOTICES.] The secretary of state shall remove lapsed and
terminated effective financing statements and lien notices from
the computerized filing system before preparing master lists.
Subd. 3. [REQUEST FOR PARTIAL MASTER LIST.] If requested
by a buyer registered under section 12, the secretary of state
shall distribute partial master lists to the buyer that are
limited to one or more of the categories in subdivision 1,
paragraph (a).
Subd. 4. [DISTRIBUTION OF MASTER AND PARTIAL LISTS.] (a)
The secretary of state shall maintain the information on the
effective financing statement master list:
(1) by farm product arranged alphabetically by debtor; and
(2) by farm product arranged numerically by the debtor's
social security number for an individual debtor or, in the case
of debtors doing business other than as individuals, the
Internal Revenue Service taxpayer identification number of the
debtors.
(b) The secretary of state shall maintain the information
in the farm products statutory lien master list by county
arranged alphabetically by debtor.
(c) The secretary of state shall distribute the requested
master and partial master lists on a monthly basis to farm
product dealers registered under section 12. The secretary of
state may, by rule, establish that lists of certain farm
products must be distributed more frequently.
(d) The secretary of state shall, by rule, establish:
(1) dates when the distribution of lists will be made;
(2) dates after which a filing of an effective financing
statement or lien notice will not be reflected on the next lists
distributed; and
(3) dates by which a registrant must complete a
registration to receive the next list distributed.
(e) The secretary of state shall make the master and
partial master lists available as written or printed paper
documents and may make lists available in other forms or media,
including:
(1) microfiche;
(2) magnetic tape;
(3) electronically transmitted medium; or
(4) computer disk.
(f) There shall be no fee for partial or master lists
distributed on microfiche, magnetic tape, electronically
transmitted medium, computer disk, or comparable media.
(g) At the request of a farm product dealer registered
under section 12, the secretary of state shall deliver lists at
cost by certified or registered mail, return receipt requested.
Sec. 10. [336A.09] [INQUIRIES.]
Subdivision 1. [PROCEDURE.] (a) Oral and written inquiries
regarding information provided by the filing of effective
financing statements or lien notices may be made at any filing
office during regular business hours.
(b) A filing office receiving an oral or written inquiry
shall, upon request, provide an oral or facsimile response to
the inquiry and must mail a confirmation of the inquiry in
writing by the end of the next business day after the inquiry is
received.
(c) A filing office shall maintain a record of inquiries
made under this section including:
(1) the date of the inquiry;
(2) the name of the debtor inquired about; and
(3) identification of the person making the request for
inquiry.
Subd. 2. [SEARCHES; FEES.] (a) If a person makes a
request, the filing officer shall conduct a search of the
computerized filing system for effective financing statements or
lien notices and statements of assignment, continuation,
amendment, and partial release of a particular debtor. The
filing officer shall report the date, time, and results of the
search by issuing:
(1) a certificate listing the file number, date, and hour
of each effective financing statement found in the search and
the names and addresses of each secured party on the effective
financing statements or of each lien notice found in the search
and the names and address of each lienholder on the lien notice;
(2) photocopies of the original effective financing
statement or lien notice documents on file; or
(3) upon request, both the certificate and photocopies of
the effective financing statements or lien notices.
(b) The uniform fee for conducting a search and for
preparing a certificate showing up to five listed filings or for
preparing up to five photocopies of original documents, or any
combination of up to five listed filings and photocopies, is $10
per debtor name if the request is in the standard form
prescribed by the secretary of state and otherwise is $13 per
debtor name. An additional fee of 50 cents must be charged for
each listed filing and for each photocopy prepared in excess of
the first five. If an oral or facsimile response is requested,
there is an additional fee of $5 per debtor.
(c) A county recorder shall forward $3 of each search fee
collected under this subdivision to the secretary of state by
the 15th of the month following each fiscal quarter. The
balance of the search fees collected by a county recorder must
be deposited in the general fund of the county.
Sec. 11. [336A.10] [LIABILITY FOR INFORMATION ERRORS.]
Except as provided in sections 609.87 to 609.891, the
state, the secretary of state, counties, county recorders, and
their employees and agents are immune from liability as a result
of errors or omissions in information supplied under this
chapter.
Sec. 12. [336A.11] [REGISTRATION OF FARM PRODUCT DEALERS.]
Subdivision 1. [REQUIREMENTS.] Farm product dealers may
register with the secretary of state to receive master lists of
notices of security interests in farm products or farm products
statutory liens. Registration must be made on an annual
calendar year basis. A registration is not complete until the
registration form is properly completed and received by the
secretary of state and accompanied by the registration fee.
Registration entitles a farm product dealer to receive lists for
those farm products specified by the registrant at the time of
registration.
Subd. 2. [REGISTRATION FORMS.] The secretary of state
shall make registration forms available to farm product
dealers. The secretary of state must also make registration
forms available to the commissioner of agriculture for
distribution to applicants for licensure under section 17A.04 or
223.17. The registration form must include provisions for the
name and address of the farm product dealer, a request for the
master or partial master lists, and the medium on which the farm
product dealer desires to receive the master list.
Subd. 3. [REGISTRATION FEE.] The annual registration fee
for farm product dealers is $25.
Subd. 4. [RECORD OF REGISTERED FARM PRODUCT DEALERS.] The
secretary of state shall maintain a record of the registered
farm product dealers and the lists and contents of the lists
received by the registered farm product dealers for a period of
five years after the lists are distributed.
Sec. 13. [336A.12] [RULES.]
Subdivision 1. [AUTHORITY.] (a) The secretary of state may
adopt permanent rules to implement this chapter.
(b) If necessary to obtain federal certification of the
computerized filing system, additional or alternative
requirements made in conformity with United States Code, title
7, section 1631, may be adopted by the secretary of state by
rule.
Subd. 2. [FORMS.] The secretary of state shall prescribe
forms to be used for effective financing statements, lien
notices, combined forms, amendments, continuation statements,
termination statements, and notices to debtors.
Sec. 14. [336A.13] [RECEIPT OF WRITTEN NOTICE.]
For purposes of United States Code, title 7, section 1631,
and this chapter, receipt of written notice means the date the
notice is actually received by a farm product dealer or the
first date that delivery is attempted by a carrier. A farm
product dealer must act in good faith. A farm product dealer is
presumed to have received the notice by five business days after
it was mailed unless by ten days after it was mailed the farm
product dealer notifies the secretary of state in writing that
it has not received the notice by that time.
Sec. 15. [336A.14] [RESTRICTED USE OF INFORMATION.]
Information obtained from the seller of a farm product
relative to the social security number or tax identification
number of the true owner of the farm product and all information
obtained from the master or limited list may not be used for
purposes that are not related to: (1) purchase of a farm
product; (2) taking a security interest against a farm product;
or (3) perfecting a farm product statutory lien.
Sec. 16. [336A.15] [BUYERS TAKING FREE OF AND SUBJECT TO
FARM PRODUCTS STATUTORY LIENS.]
Subdivision 1. [TAKING FREE OF LIEN.] Except as provided
in subdivision 2, and notwithstanding other law or rule to the
contrary, a buyer in the ordinary course of business who buys
farm products from a seller engaged in farming operations takes
free of a farm products statutory lien applicable to the
purchased farm products even though the farm products statutory
lien is perfected and the buyer knows the lien exists.
Subd. 2. [TAKING SUBJECT TO LIEN.] A buyer in the ordinary
course of business of farm products takes subject to a farm
products statutory lien applicable to the purchased farm
products if the lienholder has perfected the farm products
statutory lien and:
(1) the buyer has failed to register with the secretary of
state as provided in section 12; or
(2) the buyer has registered with the secretary of state as
provided in section 12, the buyer receives a notice from the
secretary of state specifying that the seller and the farm
products being sold are subject to a lien notice, and the buyer
fails to secure a waiver or release of the farm products
statutory lien specified in the lien notice by making a payment,
satisfying an obligation, or otherwise.
Sec. 17. [336A.16] [COMMISSION MERCHANTS AND SELLING
AGENTS SUBJECT TO FARM PRODUCTS STATUTORY LIEN.]
Subdivision 1. [SELLING NOT SUBJECT TO LIEN.] Except as
provided in subdivision 2, and notwithstanding other law or rule
to the contrary, a commission merchant or selling agent who
sells farm products for others is not subject to a farm products
statutory lien even though the farm products statutory lien is
perfected and the commission merchant or selling agent knows the
lien exists.
Subd. 2. [SELLING SUBJECT TO LIEN.] A commission merchant
or selling agent selling farm products for another person is
subject to a farm product statutory lien applicable to the
purchased farm products if the lienholder has perfected the farm
products statutory lien and:
(1) the commission merchant or selling agent has failed to
register with the secretary of state as provided in section 12;
or
(2) the commission merchant or selling agent has registered
with the secretary of state as provided in section 12, the
commission merchant or selling agent receives a notice from the
secretary of state specifying that the seller and the farm
products being sold are subject to a lien notice, and the
commission merchant or selling agent fails to secure a waiver or
release of the farm products statutory lien specified in the
lien notice by making a payment, satisfying an obligation, or
otherwise.
Sec. 18. [APPLICATION FOR CERTIFICATION.]
The secretary of state shall apply to the secretary of the
United States Department of Agriculture for certification of the
computerized filing system.
Sec. 19. [APPROPRIATION.]
Subdivision 1. [AMOUNT.] $357,000 is appropriated to the
secretary of state from the general fund for implementation and
maintenance of the computerized farm products filing and
notification system.
Subd. 2. [COMPLEMENT.] The approved complement of the
office of the secretary of state is increased by five positions.
Sec. 20. [REPEALER.]
Minnesota Statutes 1990, sections 223A.02; 223A.03;
223A.04; 223A.05; 223A.06; and 223A.07, are repealed.
Sec. 21. [EFFECTIVE DATE.]
This act is effective the day after final enactment except
that the provisions relating to the computerized farm product
filing and notification system are not effective until the
secretary of state notifies the public and the filing officers
that the computerized system is operational. The secretary of
state shall give notice of the computerized system being
operational at least 30 days before the operational date. The
operational date shall be no earlier than January 1, 1993.
Presented to the governor April 17, 1992
Signed by the governor April 27, 1992, 1:50 p.m.
Official Publication of the State of Minnesota
Revisor of Statutes