2006 Minnesota Statutes

336.9-519 NUMBERING, MAINTAINING, AND INDEXING RECORDS;
COMMUNICATING INFORMATION PROVIDED IN RECORDS.
(a) Filing office duties. For each record 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 subsections (c), (d), and (e).
(b) File number. A file number assigned after July 1, 2001, must include a digit that:
(1) is mathematically derived from or related to the other digits of the file number; and
(2) enables the filing office to detect whether a number communicated as the file number
includes a single-digit or transpositional error.
(c) Indexing: general. Except as otherwise provided in subsections (d) and (e), the filing
office shall:
(1) index an initial financing statement according to the name of the debtor and index all
filed records relating to the initial financing statement in a manner that associates with one another
an initial financing statement and all filed records relating to the initial financing statement; and
(2) index a record that provides a name of a debtor which was not previously provided
in the financing statement to which the record relates also according to the name that was not
previously provided.
(d) Indexing: real property-related financing statement. If a financing statement is filed
as a fixture filing or covers as-extracted collateral or timber to be cut, it must be filed for record
and the filing office shall index it:
(1) under the names of the debtor and of each owner of record shown on the financing
statement as if they were the mortgagors under a mortgage of the real property described; and
(2) to the extent that the law of this state provides for indexing of records of mortgages under
the name of the mortgagee, under the name of the secured party as if the secured party were the
mortgagee thereunder, or, if indexing is by description, as if the financing statement were a record
of a mortgage of the real property described.
(e) Indexing: real property-related assignment. If a financing statement is filed as a
fixture filing or covers as-extracted collateral or timber to be cut, the filing office shall index an
assignment filed under section 336.9-514(a) or an amendment filed under section 336.9-514(b):
(1) under the name of the assignor as grantor; and
(2) to the extent that the law of this state provides for indexing a record of the assignment of
a mortgage under the name of the assignee, under the name of the assignee.
(f) Retrieval and association capability. 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
financing statement to which the record relates; and
(2) to associate and retrieve with one another an initial financing statement and each filed
record relating to the initial financing statement.
(g) Removal of debtor's name. The filing office may not remove a debtor's name from the
index until one year after the effectiveness of a financing statement naming the debtor lapses
under section 336.9-515 with respect to all secured parties of record.
(h) Timeliness of filing office performance. The filing office shall perform the acts required
by subsections (a) through (e) at the time and in the manner prescribed by filing office rule, but
not later than two business days after the filing office receives the record in question.
(i) Inapplicability to real property-related filing office. Subsections (b) and (h) do not
apply to a filing office described in section 336.9-501(a)(1).
History: 2000 c 399 art 1 s 90