A secured party may file a continuation statement for an effective financing statement within six months before a five-year effective period expires.
A continuation statement must:
(1) be signed, authorized, or otherwise authenticated 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.
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.
The continuation statement must be filed in the computerized filing system of the Office of the Secretary of State.
Official Publication of the State of Minnesota
Revisor of Statutes