2001 Minnesota Statutes

     300.112 Financing statements of a public utility, a 
  taconite company, and a semitaconite company. 

    Subdivision 1.    Filing with secretary of state.  
 Notwithstanding sections 336.9-311, 336.9-501, 336.9-502, 
 336.9-515, and 336.9-519 of the Uniform Commercial Code, all 
 filings required under the Uniform Commercial Code in order to 
 perfect a security interest against the personal property or 
 fixtures of a debtor public utility, or against the personal 
 property or fixtures of a debtor taconite company or a debtor 
 semitaconite company, must be made and maintained in the office 
 of the secretary of state.  

    Subd. 2.    Information not required.  When the 
 financing statement covers goods of a debtor public utility or 
 of a debtor taconite company or a debtor semitaconite company, 
 which are or are to become fixtures, no description of the real 
 estate or the name of the record owner is required.  

    Subd. 3.    Duration.  Filing of a financing statement 
 against the property of a debtor public utility or against the 
 property of a debtor taconite company or a debtor semitaconite 
 company is effective until five years after the maturity date 
 contained in the statement in the case of personal property and 
 until 15 years after the maturity date in the case of fixtures 
 annexed to real property, or if no maturity date is contained in 
 the statement, until released or terminated. 

    HIST: 1965 c 813 s 2; 1967 c 323 s 2; 1984 c 628 art 5 s 1; 
 2001 c 195 art 2 s 19