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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 computerized filing system operated by the Office of the Secretary of State. Effective
financing statements and lien notices may be filed in writing or by any other means authorized
from a filing officer.
    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. The fee for filing and indexing a standard form or format for a lien notice,
effective financing statement, or continuation statement, and stamping the date and place of filing
on a copy of the filed document furnished by the filing party is $15 until June 30, 2005. Effective
July 1, 2005, the fee for each filing will be as follows:
(1) $15 for each filing made through the Web interface of the Office of the Secretary of
State; and
(2) $20 for each filing submitted in any other manner.
Filing fees collected by a satellite office must be deposited in the general fund of the county in
which the satellite office is located.
    Subd. 3a. Standard forms. The standard form for a lien notice, effective financing statement,
continuation statement, or termination statement is available from the filing office.
    Subd. 4. Filing procedure. (a) For each effective financing statement, lien notice,
continuation statement, or termination statement filed in a filing office, the filing office shall:
(1) assign a unique number to the filed record;
(2) create a record that bears the number assigned to the filed record and the date and time of
filing;
(3) maintain the filed record for public inspection; and
(4) index the filed record in accordance with paragraph (b).
(b) The filing office shall index an effective financing statement or lien notice according to
the name of the debtor and index all filed records relating to the initial filing in a manner that
associates the related filings with the initial effective financing statement or lien notice.
(c) The filing office shall maintain a capability:
(1) to retrieve a record by the name of the debtor and by the file number assigned to the initial
effective financing statement or lien notice to which the record relates; and
(2) to associate and retrieve with one another an initial effective financing statement or lien
notice and each filed record relating to the initial effective financing statement or lien notice
as the case may be.
(d) The filing office may not remove a debtor's name from the index until one year after the
effectiveness of an effective financing statement or lien notice naming the debtor lapses under
section 336A.03, subdivision 5, paragraph (b), clause (1), or paragraph (c), clause (1).
(e) The filing office shall maintain a record of the information provided in a filed effective
financing statement or lien notice for at least one year after the effectiveness of the financing
statement or lien notice has lapsed under section 336A.03, subdivision 5, paragraph (b), clause
(1), or paragraph (c), clause (1). The record must be retrievable by using the name of the debtor
and by using the file number assigned to the initial effective financing statement or lien notice
to which the record relates.
(f) Except to the extent that a statute governing disposition of public records provides
otherwise, the filing office immediately may destroy any written record evidencing an effective
financing statement or lien notice. However, if the filing office destroys a written record, it shall
maintain another record of the effective financing statement or lien notice which complies with
paragraph (e).
    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 336A.09.
History: 1992 c 525 s 5; 1993 c 369 s 124; 1994 c 438 s 14; 1997 c 137 s 17; 2004 c 191 s 5