1997 Minnesota Statutes

     336.11-105 Transition provision on change of place of 
  filing. 

    (1) A financing statement or continuation statement filed 
 prior to January 1, 1977 which shall not have lapsed prior to 
 January 1, 1977 shall remain effective for the period provided 
 in Minnesota Statutes 1971, Chapter 336, but not less than five 
 years after the filing. 

    (2) With respect to any collateral acquired by the debtor 
 subsequent to December 31, 1976, any effective financing 
 statement or continuation statement described in this section 
 shall apply only if the filing or filings are in the office or 
 offices that would be appropriate to perfect the security 
 interests in the new collateral under chapter 336 as amended by 
 Laws 1976, Chapter 135. 

    (3) The effectiveness of any financing statement or 
 continuation statement filed prior to January 1, 1977 may be 
 continued by a continuation statement as permitted by chapter 
 336 as amended by Laws 1976, Chapter 135, except that if chapter 
 336, as amended by Laws 1976, Chapter 135 requires a filing in 
 an office where there was no previous financing statement, a new 
 financing statement conforming to section 336.11-106 shall be 
 filed in that office. 

    (4) If the record of a mortgage of real estate would have 
 been effective as a fixture filing of goods described therein if 
 chapter 336 as amended by Laws 1976, Chapter 135 had been in 
 effect on the date of recording the mortgage, the mortgage shall 
 be deemed effective as a fixture filing as to such goods under 
 subsection (6) of section 336.9-402 of chapter 336 as amended by 
 Laws 1976, Chapter 135 on January 1, 1977. 

    HIST: 1976 c 135 s 37