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Minnesota Statutes Trade Regulations, Consumer Protection (Ch. 324-341) § 336A.06. Continuation statement

Current as of January 01, 2025 | Updated by Findlaw Staff

Subdivision 1. Filing period. A secured party may file a continuation statement for an effective financing statement within six months before a five-year effective period expires.

Subd. 2. Contents. 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.

Subd. 3. Effective period. 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.

Subd. 4. Filing. The continuation statement must be filed in the computerized filing system of the Office of the Secretary of State.

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Cite this article: FindLaw.com - Minnesota Statutes Trade Regulations, Consumer Protection (Ch. 324-341) § 336A.06. Continuation statement - last updated January 01, 2025 | https://codes.findlaw.com/mn/trade-regulations-consumer-protection-ch-324-341/mn-st-sect-336a-06/

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