Minnesota Legislature
Office of the Revisor of Statutes
2007 Minnesota Statutes
- Search Minnesota Statutes
- About Minnesota Statutes
- 2007 Statutes New, Amended or Repealed
- 2007 Table of Chapters
- 2007 Statutes Topics (Index)
Chapter 545
Section 545.05
Topics
Recent History
- 2009 Subd. 1 Amended 2009 c 98 s 29
- 2009 Subd. 2 Amended 2009 c 98 s 30
- 2009 Subd. 4 Amended 2009 c 98 s 31
- 2009 Subd. 7 Amended 2009 c 98 s 32
- 2009 Subd. 10 Amended 2009 c 98 s 33
- 2009 Subd. 11 Amended 2009 c 98 s 34
- 2009 Subd. 13 Amended 2009 c 98 s 35
- 2006 545.05 New 2006 c 260 art 7 s 11
This is an historical version of this statute chapter. Also view the most recent published version.
545.05 EXPEDITED PROCESS TO REVIEW AND DETERMINE THE EFFECTIVENESS
OF FINANCING STATEMENTS.
Subdivision 1. Definitions. (a) As used in this section, a financing statement or other record
is fraudulent or otherwise improper if it is filed without the authorization of the obligor, person
named as debtor, or owner of collateral described or indicated in the financing statement or other
record, or by consent of an agent, fiduciary, or other representative of that person or without the
consent of the secured party of record in the case of an amendment or termination.
(b) As used in this section, filing office or filing officer refers to the office or officer where a
financing statement or other record is appropriately filed or recorded as provided by law, including,
but not limited to, the county recorder, the secretary of state, and other related filing officers.
Subd. 2. Motion. An obligor, person named as a debtor, or owner of collateral described or
indicated in a financing statement or other record filed under sections 336.9-101 to 336.9-709
(Uniform Commercial Code - Secured Transactions), who has reason to believe that the financing
statement or other record is fraudulent or otherwise improper may complete and file at any time
a motion for judicial review of the effectiveness of the financing statement or other record. A
secured party of record who believes that an amendment or termination of a financing statement
or other record is fraudulent or otherwise improper may also file a motion.
Subd. 3. Service and filing. (a) The motion under subdivision 2 must be mailed by certified
United States mail to the person who is indicated as the secured party on the allegedly fraudulent
or improper record at the address listed on the record or, in the case of a filing by the secured
party of record, to the address of the person who filed the amendment or termination in question,
as listed on the record. The motion must be accompanied by a copy of the record in question,
an affidavit of mailing, the form for responding to the motion under subdivision 6, and a copy
of the text of this section.
(b) On the day the motion is mailed, a copy of the materials must be filed with the district
court of the county in which the financing statement or other record has been filed or in the county
of residence of the moving party. The motion must be supported by the affidavit of the moving
party or the moving party's attorney setting forth a concise statement of the facts upon which the
claim for relief is based. There is no filing fee for a motion or a response filed under this section.
Subd. 4. Motion form. The motion must be in substantially the following form:
In Re: A Purported Financing Statement in the district court of ............. County, Minnesota,
Against [Name of person who filed the financing statement]
determination of the effectiveness of a financing statement or other record filed under the Uniform
Commercial Code - Secured Transactions in the office of the ............... (filing office and location)
and in support of the motion provides as follows:
collateral described or indicated in] [secured party of record listed in] a financing statement or
other record filed under the Uniform Commercial Code.
officer's position), the filing officer received and filed or recorded the financing statement or
other record, a copy which is attached, that purports to [perfect a security interest against the
obligor, person named as debtor, or the owner of collateral described or indicated in the financing
statement or other record] or [amend or terminate the financing statement in which the moving
party is listed as the secured party of record].
otherwise improper and that this court should declare the financing statement or other record
ineffective.
of the parties involved and acknowledges that this motion does not seek review of an effective
financing statement. The moving party further acknowledges that the moving party may be
subject to sanctions if this motion is determined to be frivolous. The moving party may be
contacted by the respondent at:
Mailing Address: (required)
Telephone Number:
Facsimile Number: (either facsimile or e-mail contact is required)
E-Mail Address: (either facsimile or e-mail contact is required)
finding that the financing statement or other record is ineffective together with other findings as
the court deems appropriate.
Respectfully submitted, .......................... (Signature and typed name and address).
Subd. 5. Motion acknowledgment form. The form for the certificate of acknowledgment
must be substantially as follows:
BEFORE ME, the undersigned authority, personally appeared ........., who, being by me duly
sworn, deposed as follows:
"My name is ............... I am over 18 years of age, of sound mind, with personal knowledge
of the following facts, and fully competent to testify.
I attest that the assertions contained in the accompanying motion are true and correct."
SUBSCRIBED and SWORN TO before me, this ..... day of ..................
NOTARY PUBLIC, State of [state name]
Notary's printed name: .........................
My commission expires: .........................
The motion must be supported by the affidavit of the moving party or the moving party's
attorney setting forth a concise statement of the facts upon which the claim for relief is based.
Subd. 6. Motion affidavit of mailing form. The moving party shall complete an affidavit of
mailing the motion to the court and to the respondent in substantially the following form:
State of Minnesota
County of ..........
............................, the moving party, being duly sworn, on oath, deposes and says that on
the ..... day of .........., ......., the moving party mailed the motion to the court and the respondent
by placing a true and correct copy of the motion in an envelope addressed to them as shown by
certified United States mail at ............................, Minnesota.
Subscribed and sworn to before me this ..... day of ...................., .......
Subd. 7. Response form. The person listed as [the secured party in] [filing] the record for
which the moving party has requested review may respond to the motion and accompanying
materials to request an actual hearing within 20 days from the mailing by certified United States
mail by the moving party. The form for use by the person listed as [the secured party in] [filing]
the record in question to respond to the motion for judicial review must be in substantially the
following form:
In Re: A Purported Financing Statement in the district court of ............. County, Minnesota,
Against [Name of person who filed the financing statement]
of the effectiveness of a financing statement or other record filed under the Uniform Commercial
Code - Secured Transactions in the office of the ............... (filing office and location) and in
support of the motion provides as follows:
record for which review has been requested by the moving party.
officer's position), the filing officer received and filed or recorded the financing statement or other
record, a copy which is attached, that purports to [perfect a security interest against] [amend or
terminate a record filed by] the moving party.
improper and that this court should not declare the financing statement or other record ineffective.
parties involved. Respondent further acknowledges that respondent may be subject to sanctions if
this response is determined to be frivolous.
later than five days after the date of this response or as soon after that as the court shall order and
to enter an order finding that the financing statement or other record is not ineffective together
with other findings as the court deems appropriate. Respondent may be contacted at:
Mailing Address: (required)
Telephone Number:
Facsimile Number: (either facsimile or e-mail contact is required)
E-Mail Address: (either facsimile or e-mail contact is required)
Respectfully submitted, .........................
(Signature and typed name and address).
Subd. 8. Response acknowledgment form. The form for the certificate of acknowledgment
must be substantially as follows:
BEFORE ME, the undersigned authority, personally appeared ........., who, being by me duly
sworn, deposed as follows:
"My name is ............... I am over 18 years of age, of sound mind, with personal knowledge
of the following facts, and fully competent to testify.
I attest that the assertions contained in the accompanying motion are true and correct."
SUBSCRIBED and SWORN TO before me, this ..... day of ..................
NOTARY PUBLIC, State of [state name]
Notary's printed name: .........................
My commission expires: .........................
Subd. 9. Response affidavit of mailing form. Respondent shall submit the response by
United States mail to both the court and the moving party, and also by either e-mail or facsimile as
provided by the moving party. The respondent shall complete an affidavit of mailing the response
to the court and to the moving party in substantially the following form:
State of Minnesota
County of ..........
............................, being the responding party, being duly sworn, on oath, deposes and says
that on the ..... day of .........., ......., respondent mailed the response to court and the moving
party by placing a true and correct copy of the response in an envelope addressed to them as
shown depositing the same with postage prepaid, in the United States Mail at ............................,
Minnesota.
Subscribed and sworn to before me this ..... day of ...................., .......
Subd. 10. Hearing. (a) If a hearing is timely requested, the court shall hold that hearing
within five days after the mailing of the response by the respondent or as soon after that as ordered
by the court. After the hearing, the court shall enter appropriate findings of fact and conclusions of
law regarding the financing statement or other record filed under the Uniform Commercial Code.
(b) If a hearing request under subdivision 7 is not received by the court by the 20th day
following the mailing of the original motion, the court's finding may be made solely on a review
of the documentation attached to the motion and without hearing any testimonial evidence. After
that review, which must be conducted no later than five days after the 20-day period has expired,
the court shall enter appropriate findings of fact and conclusions of law as provided in subdivision
11 regarding the financing statement or other record filed under the Uniform Commercial Code.
(c) A copy of the findings of fact and conclusions of law must be sent to the moving party,
the respondent, and the person who filed the financing statement or other record at the address
listed in the motion or response of each person within seven days of the date that the findings of
fact and conclusions of law are issued by the court.
(d) In all cases, the moving party shall file or record an attested copy of the findings of fact
and conclusions of law in the filing office in the appropriate class of records in which the original
financing statement or other record was filed or recorded. The filing officer shall not collect a
filing fee for filing a court's finding of fact and conclusion of law as provided in this section except
as specifically directed by the court in its findings and conclusions.
Subd. 11. Order form; no hearing. The findings of fact and conclusion of law for an
expedited review where no hearing has been requested must be in substantially the following form:
Minnesota, Against [Name of person who filed financing statement]
court reviewed a motion, verified by affidavit, of (name) and the documentation attached. The
respondent did not respond within the required 20-day period. No testimony was taken from any
party, nor was there any notice of the court's review, the court having made the determination
that a decision could be made solely on review of the documentation as provided in Minnesota
Statutes, section 545.05.
The court finds as follows (only an item or subitem checked and initialed is a valid court
ruling):
[..] The documentation attached to the motion IS filed or recorded with the authorization of
the obligor, person named as debtor, or owner of collateral described or indicated in the financing
statement or other record, or by consent of an agent, fiduciary, or other representative of that
person, or with the authorization of the secured party of record in the case of an amendment
or termination.
[..] The documentation attached to the motion IS NOT filed or recorded with the
authorization of the obligor, person named as debtor, or owner of collateral described or indicated
in the documentation, or by consent of an agent, fiduciary, or other representative of that person,
or with the authorization of the secured party of record in the case of an amendment or termination
and, IS NOT an effective financing statement or other record under the Uniform Commercial
Code - Secured Transactions law of this state.
[..] This court makes no finding as to any underlying claims of the parties involved and
expressly limits its findings of fact and conclusions of law to the review of a ministerial act. The
filing officer shall remove the subject financing statement or other record so that the record is
not reflected in or obtained as a result of any search, standard or otherwise, conducted of those
records, but shall retain them and these findings of fact and conclusions of law in the filing office
for the duration of the period for which they would have otherwise been filed.
............. District
............. County, Minnesota
Subd. 12. Hearing determination. If a determination is made after a hearing, the court may
award the prevailing party all costs related to the entire review, including, but not limited to, filing
fees, attorney fees, administrative costs, and other costs.
Subd. 13. Subsequent motion. If the moving party files a subsequent motion under this
section against a person filing a financing statement or other record that is reviewed under this
section and found to be filed or recorded with the authorization of the obligor, person named as
debtor, or owner of collateral described or indicated in the financing statement or other record, or
by consent of an agent, fiduciary, or other representative of that person, or with the authorization
of the secured party of record in the case of an amendment or termination, the court may, in
addition to assessing costs, order other equitable relief against the moving party or enter other
sanctions against the moving party.
Subd. 14. Judicial officers. The chief judge of a district court may order that any or all
proceedings under this section be conducted and heard by other judicial officers of that district
court.
History: 2006 c 260 art 7 s 11
OF FINANCING STATEMENTS.
Subdivision 1. Definitions. (a) As used in this section, a financing statement or other record
is fraudulent or otherwise improper if it is filed without the authorization of the obligor, person
named as debtor, or owner of collateral described or indicated in the financing statement or other
record, or by consent of an agent, fiduciary, or other representative of that person or without the
consent of the secured party of record in the case of an amendment or termination.
(b) As used in this section, filing office or filing officer refers to the office or officer where a
financing statement or other record is appropriately filed or recorded as provided by law, including,
but not limited to, the county recorder, the secretary of state, and other related filing officers.
Subd. 2. Motion. An obligor, person named as a debtor, or owner of collateral described or
indicated in a financing statement or other record filed under sections 336.9-101 to 336.9-709
(Uniform Commercial Code - Secured Transactions), who has reason to believe that the financing
statement or other record is fraudulent or otherwise improper may complete and file at any time
a motion for judicial review of the effectiveness of the financing statement or other record. A
secured party of record who believes that an amendment or termination of a financing statement
or other record is fraudulent or otherwise improper may also file a motion.
Subd. 3. Service and filing. (a) The motion under subdivision 2 must be mailed by certified
United States mail to the person who is indicated as the secured party on the allegedly fraudulent
or improper record at the address listed on the record or, in the case of a filing by the secured
party of record, to the address of the person who filed the amendment or termination in question,
as listed on the record. The motion must be accompanied by a copy of the record in question,
an affidavit of mailing, the form for responding to the motion under subdivision 6, and a copy
of the text of this section.
(b) On the day the motion is mailed, a copy of the materials must be filed with the district
court of the county in which the financing statement or other record has been filed or in the county
of residence of the moving party. The motion must be supported by the affidavit of the moving
party or the moving party's attorney setting forth a concise statement of the facts upon which the
claim for relief is based. There is no filing fee for a motion or a response filed under this section.
Subd. 4. Motion form. The motion must be in substantially the following form:
In Re: A Purported Financing Statement in the district court of ............. County, Minnesota,
Against [Name of person who filed the financing statement]
MOTION FOR JUDICIAL REVIEW OF A FINANCING STATEMENT FILED UNDER
THE UNIFORM COMMERCIAL CODE - SECURED TRANSACTIONS
.................................... (name of moving party) files this motion requesting a judicial THE UNIFORM COMMERCIAL CODE - SECURED TRANSACTIONS
determination of the effectiveness of a financing statement or other record filed under the Uniform
Commercial Code - Secured Transactions in the office of the ............... (filing office and location)
and in support of the motion provides as follows:
I.
................. (name), the moving party, is the [obligor, person named as a debtor, or owner of collateral described or indicated in] [secured party of record listed in] a financing statement or
other record filed under the Uniform Commercial Code.
II.
On ............. (date), in the exercise of the filing officer's official duties as .................. (filing officer's position), the filing officer received and filed or recorded the financing statement or
other record, a copy which is attached, that purports to [perfect a security interest against the
obligor, person named as debtor, or the owner of collateral described or indicated in the financing
statement or other record] or [amend or terminate the financing statement in which the moving
party is listed as the secured party of record].
III.
The moving party alleges that the financing statement or other record is fraudulent or otherwise improper and that this court should declare the financing statement or other record
ineffective.
IV.
The moving party attests that the assertions in this motion are true and correct.V.
The moving party does not request the court to make a finding as to any underlying claim of the parties involved and acknowledges that this motion does not seek review of an effective
financing statement. The moving party further acknowledges that the moving party may be
subject to sanctions if this motion is determined to be frivolous. The moving party may be
contacted by the respondent at:
Mailing Address: (required)
Telephone Number:
Facsimile Number: (either facsimile or e-mail contact is required)
E-Mail Address: (either facsimile or e-mail contact is required)
REQUEST FOR RELIEF
The moving party requests the court to review the attached documentation and enter an order finding that the financing statement or other record is ineffective together with other findings as
the court deems appropriate.
Respectfully submitted, .......................... (Signature and typed name and address).
Subd. 5. Motion acknowledgment form. The form for the certificate of acknowledgment
must be substantially as follows:
AFFIDAVIT
THE STATE OF MINNESOTA COUNTY OF .......BEFORE ME, the undersigned authority, personally appeared ........., who, being by me duly
sworn, deposed as follows:
"My name is ............... I am over 18 years of age, of sound mind, with personal knowledge
of the following facts, and fully competent to testify.
I attest that the assertions contained in the accompanying motion are true and correct."
SUBSCRIBED and SWORN TO before me, this ..... day of ..................
NOTARY PUBLIC, State of [state name]
Notary's printed name: .........................
My commission expires: .........................
The motion must be supported by the affidavit of the moving party or the moving party's
attorney setting forth a concise statement of the facts upon which the claim for relief is based.
Subd. 6. Motion affidavit of mailing form. The moving party shall complete an affidavit of
mailing the motion to the court and to the respondent in substantially the following form:
State of Minnesota
County of ..........
............................, the moving party, being duly sworn, on oath, deposes and says that on
the ..... day of .........., ......., the moving party mailed the motion to the court and the respondent
by placing a true and correct copy of the motion in an envelope addressed to them as shown by
certified United States mail at ............................, Minnesota.
Subscribed and sworn to before me this ..... day of ...................., .......
Subd. 7. Response form. The person listed as [the secured party in] [filing] the record for
which the moving party has requested review may respond to the motion and accompanying
materials to request an actual hearing within 20 days from the mailing by certified United States
mail by the moving party. The form for use by the person listed as [the secured party in] [filing]
the record in question to respond to the motion for judicial review must be in substantially the
following form:
In Re: A Purported Financing Statement in the district court of ............. County, Minnesota,
Against [Name of person who filed the financing statement]
RESPONSE TO MOTION FOR JUDICIAL REVIEW OF A FINANCING STATEMENT
FILED UNDER THE UNIFORM COMMERCIAL CODE - SECURED TRANSACTIONS
............................ (name) files this response to a motion requesting a judicial determination FILED UNDER THE UNIFORM COMMERCIAL CODE - SECURED TRANSACTIONS
of the effectiveness of a financing statement or other record filed under the Uniform Commercial
Code - Secured Transactions in the office of the ............... (filing office and location) and in
support of the motion provides as follows:
I.
................. (name), the respondent, is the person listed as [the secured party in] [filing] the record for which review has been requested by the moving party.
II.
On ............. (date), in the exercise of the filing officer's official duties as .................. (filing officer's position), the filing officer received and filed or recorded the financing statement or other
record, a copy which is attached, that purports to [perfect a security interest against] [amend or
terminate a record filed by] the moving party.
III.
Respondent states that the financing statement or other record is not fraudulent or otherwise improper and that this court should not declare the financing statement or other record ineffective.
IV.
Respondent attests that assertions in this response are true and correct.V.
Respondent does not request the court to make a finding as to any underlying claim of the parties involved. Respondent further acknowledges that respondent may be subject to sanctions if
this response is determined to be frivolous.
REQUEST FOR RELIEF
Respondent requests the court to review the attached documentation, to set a hearing for no later than five days after the date of this response or as soon after that as the court shall order and
to enter an order finding that the financing statement or other record is not ineffective together
with other findings as the court deems appropriate. Respondent may be contacted at:
Mailing Address: (required)
Telephone Number:
Facsimile Number: (either facsimile or e-mail contact is required)
E-Mail Address: (either facsimile or e-mail contact is required)
Respectfully submitted, .........................
(Signature and typed name and address).
Subd. 8. Response acknowledgment form. The form for the certificate of acknowledgment
must be substantially as follows:
AFFIDAVIT
THE STATE OF MINNESOTA COUNTY OF .......BEFORE ME, the undersigned authority, personally appeared ........., who, being by me duly
sworn, deposed as follows:
"My name is ............... I am over 18 years of age, of sound mind, with personal knowledge
of the following facts, and fully competent to testify.
I attest that the assertions contained in the accompanying motion are true and correct."
SUBSCRIBED and SWORN TO before me, this ..... day of ..................
NOTARY PUBLIC, State of [state name]
Notary's printed name: .........................
My commission expires: .........................
Subd. 9. Response affidavit of mailing form. Respondent shall submit the response by
United States mail to both the court and the moving party, and also by either e-mail or facsimile as
provided by the moving party. The respondent shall complete an affidavit of mailing the response
to the court and to the moving party in substantially the following form:
State of Minnesota
County of ..........
............................, being the responding party, being duly sworn, on oath, deposes and says
that on the ..... day of .........., ......., respondent mailed the response to court and the moving
party by placing a true and correct copy of the response in an envelope addressed to them as
shown depositing the same with postage prepaid, in the United States Mail at ............................,
Minnesota.
Subscribed and sworn to before me this ..... day of ...................., .......
Subd. 10. Hearing. (a) If a hearing is timely requested, the court shall hold that hearing
within five days after the mailing of the response by the respondent or as soon after that as ordered
by the court. After the hearing, the court shall enter appropriate findings of fact and conclusions of
law regarding the financing statement or other record filed under the Uniform Commercial Code.
(b) If a hearing request under subdivision 7 is not received by the court by the 20th day
following the mailing of the original motion, the court's finding may be made solely on a review
of the documentation attached to the motion and without hearing any testimonial evidence. After
that review, which must be conducted no later than five days after the 20-day period has expired,
the court shall enter appropriate findings of fact and conclusions of law as provided in subdivision
11 regarding the financing statement or other record filed under the Uniform Commercial Code.
(c) A copy of the findings of fact and conclusions of law must be sent to the moving party,
the respondent, and the person who filed the financing statement or other record at the address
listed in the motion or response of each person within seven days of the date that the findings of
fact and conclusions of law are issued by the court.
(d) In all cases, the moving party shall file or record an attested copy of the findings of fact
and conclusions of law in the filing office in the appropriate class of records in which the original
financing statement or other record was filed or recorded. The filing officer shall not collect a
filing fee for filing a court's finding of fact and conclusion of law as provided in this section except
as specifically directed by the court in its findings and conclusions.
Subd. 11. Order form; no hearing. The findings of fact and conclusion of law for an
expedited review where no hearing has been requested must be in substantially the following form:
MISCELLANEOUS DOCKET No. ...........
In Re: A Purported Financing Statement in the district court of ........................... County,
Minnesota, Against [Name of person who filed financing statement]
Judicial Finding of Fact and Conclusion of Law Regarding a Financing Statement or Other
Record Filed Under the Uniform Commercial Code - Secured Transactions
On the (number) day of (month), (year), in the above entitled and numbered cause, this Record Filed Under the Uniform Commercial Code - Secured Transactions
court reviewed a motion, verified by affidavit, of (name) and the documentation attached. The
respondent did not respond within the required 20-day period. No testimony was taken from any
party, nor was there any notice of the court's review, the court having made the determination
that a decision could be made solely on review of the documentation as provided in Minnesota
Statutes, section 545.05.
The court finds as follows (only an item or subitem checked and initialed is a valid court
ruling):
[..] The documentation attached to the motion IS filed or recorded with the authorization of
the obligor, person named as debtor, or owner of collateral described or indicated in the financing
statement or other record, or by consent of an agent, fiduciary, or other representative of that
person, or with the authorization of the secured party of record in the case of an amendment
or termination.
[..] The documentation attached to the motion IS NOT filed or recorded with the
authorization of the obligor, person named as debtor, or owner of collateral described or indicated
in the documentation, or by consent of an agent, fiduciary, or other representative of that person,
or with the authorization of the secured party of record in the case of an amendment or termination
and, IS NOT an effective financing statement or other record under the Uniform Commercial
Code - Secured Transactions law of this state.
[..] This court makes no finding as to any underlying claims of the parties involved and
expressly limits its findings of fact and conclusions of law to the review of a ministerial act. The
filing officer shall remove the subject financing statement or other record so that the record is
not reflected in or obtained as a result of any search, standard or otherwise, conducted of those
records, but shall retain them and these findings of fact and conclusions of law in the filing office
for the duration of the period for which they would have otherwise been filed.
SIGNED ON THIS THE ...... DAY of .......
............. District Judge ............. District
............. County, Minnesota
Subd. 12. Hearing determination. If a determination is made after a hearing, the court may
award the prevailing party all costs related to the entire review, including, but not limited to, filing
fees, attorney fees, administrative costs, and other costs.
Subd. 13. Subsequent motion. If the moving party files a subsequent motion under this
section against a person filing a financing statement or other record that is reviewed under this
section and found to be filed or recorded with the authorization of the obligor, person named as
debtor, or owner of collateral described or indicated in the financing statement or other record, or
by consent of an agent, fiduciary, or other representative of that person, or with the authorization
of the secured party of record in the case of an amendment or termination, the court may, in
addition to assessing costs, order other equitable relief against the moving party or enter other
sanctions against the moving party.
Subd. 14. Judicial officers. The chief judge of a district court may order that any or all
proceedings under this section be conducted and heard by other judicial officers of that district
court.
History: 2006 c 260 art 7 s 11
Official Publication of the State of Minnesota
Revisor of Statutes