US Lawyer Database

11 §9-1626. Action in which deficiency or surplus is in issue

§9-1626. Action in which deficiency or surplus is in issue (1).  In an action arising from a transaction, other than a consumer transaction, in which the amount of a deficiency or surplus is in issue, the following rules apply.   (a). A secured party need not prove compliance with the provisions of this part relating […]

11 §9-1521. Uniform form of written financing statement and amendment

§9-1521. Uniform form of written financing statement and amendment (1).  Except for a reason set forth in section 9-1516, subsection (2), a filing office that accepts written records may not refuse to accept a written initial financing statement in a form and format:   (a). Approved by the International Association of Commercial Administrators or successor […]

11 §9-1611. Notification before disposition of collateral

§9-1611. Notification before disposition of collateral (1).  In this section, “notification date” means the earlier of the date on which:   (a). A secured party sends to the debtor and any secondary obligor an authenticated notification of disposition; or   [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 […]

11 §9-1522. Maintenance and destruction of records

§9-1522. Maintenance and destruction of records (1).  The filing office shall maintain a record of the information provided in a filed financing statement for at least one year after the effectiveness of the financing statement has lapsed under section 9-1515 with respect to all secured parties of record. The record must be retrievable by using […]

11 §9-1612. Timeliness of notification before disposition of collateral

§9-1612. Timeliness of notification before disposition of collateral (1).  Except as otherwise provided in subsection (2), whether a notification is sent within a reasonable time is a question of fact.   [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).] (2).  In a transaction other than a consumer […]

11 §9-1523. Information from filing office; sale or license of records

§9-1523. Information from filing office; sale or license of records (1).  If a person that files a written record requests an acknowledgment of the filing, the filing office shall send to the person an image of the record showing the number assigned to the record pursuant to section 9‑1519, subsection (1), paragraph (a) and the […]

11 §9-1613. Contents and form of notification before disposition of collateral: general

§9-1613. Contents and form of notification before disposition of collateral: general Except in a consumer-goods transaction, the following rules apply.   [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).] (1).  The contents of a notification of disposition are sufficient if the notification:   (a). Describes the debtor […]

11 §9-1524. Delay by filing office

§9-1524. Delay by filing office Delay by the filing office beyond a time limit prescribed by this part is excused if:   [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).] (1).  The delay is caused by interruption of communication or computer facilities, war, emergency conditions, failure of […]

11 §9-1525. Fees

§9-1525. Fees (1).  Except as otherwise provided in subsections (2), (5) and (6), the fee for filing and indexing a record under this Part, other than an initial financing statement of the kind described in subsection (2) is:   (a). Fifteen dollars if the record is communicated in writing and consists of one or 2 […]