Subpart 1: FILING OFFICE; CONTENTS AND EFFECTIVENESS OF FINANCING STATEMENT
§9-1501. Filing office
(1).
Except as otherwise provided in subsection (2), if the local law of this State governs perfection of a security interest
or agricultural lien, the office in which to file a financing statement to perfect the security interest or agricultural lien
is:
(a). The registry of deeds for the county in which the related real property is located, if:
(i) The collateral is as-extracted collateral or timber to be cut; or
(ii) The financing statement is recorded as a fixture filing and the collateral is goods that are or are to become fixtures;
or [1999, c. 699, Pt. A, §2 (NEW); 1999, c. 699, Pt. A, §4 (AFF).]
(b). The office of the Secretary of State, in all other cases, including a case in which the collateral is goods that are or
are to become fixtures and the financing statement is not filed as a fixture filing. [1999, c. 699, Pt. A, §2 (NEW); 1999, c. 699, Pt. A, §4 (AFF).]
[
1999, c. 699, Pt. A, §2 (NEW);
1999, c. 699, Pt. A, §4 (AFF)
.]
(2).
The office in which to file a financing statement to perfect a security interest in collateral, including fixtures, of a
transmitting utility is the office of the Secretary of State. The financing statement also constitutes a fixture filing as
to the collateral indicated in the financing statement that is or is to become fixtures.
[
1999, c. 699, Pt. A, §2 (NEW);
1999, c. 699, Pt. A, §4 (AFF)
.]
SECTION HISTORY
1999, c. 699, §A2 (NEW).
1999, c. 699, §A4 (AFF).
Data for this page extracted on 10/16/2012 08:20:53.