Section 6A-9-521. – Uniform form of written financing statement and amendment.
§ 6A-9-521. Uniform form of written financing statement and amendment. (a) Initial financing statement form. A filing office that accepts written records may not refuse to accept a written initial financing statement in the following form and format except for a reason set forth in § 6A-9-516(b): (b) Amendment form. A filing office that accepts […]
Section 6A-9-610. – Disposition of collateral after default.
§ 6A-9-610. Disposition of collateral after default. (a) Disposition after default. After default, a secured party may sell, lease, license, or otherwise dispose of any or all of the collateral in its present condition or following any commercially reasonable preparation or processing. (b) Commercially reasonable disposition. Every aspect of a disposition of collateral, including the […]
Section 6A-9-522. – Maintenance and destruction of records.
§ 6A-9-522. Maintenance and destruction of records. (a) Post-lapse maintenance and retrieval of information. 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 § 6A-9-515 with respect to all secured parties of record. […]
Section 6A-9-611. – Notification before disposition of collateral.
§ 6A-9-611. Notification before disposition of collateral. (a) “Notification date.” In this section, “notification date” means the earlier of the date on which: (1) A secured party sends to the debtor and any secondary obligor an authenticated notification of disposition; or (2) The debtor and any secondary obligor waive the right to notification. (b) Notification […]
Section 6A-9-523. – Information from filing office; sale or license of records.
§ 6A-9-523. Information from filing office; sale or license of records. (a) Acknowledgment of filing written record. 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 § 6A-9-519(a)(1) […]
Section 6A-9-612. – Timeliness of notification before disposition of collateral.
§ 6A-9-612. Timeliness of notification before disposition of collateral. (a) Reasonable time is question of fact. Except as otherwise provided in subsection (b), whether a notification is sent within a reasonable time is a question of fact. (b) 10-day period sufficient in non-consumer transaction. In a transaction other than a consumer transaction, a notification of […]
Section 6A-9-524. – Delay by filing office.
§ 6A-9-524. Delay by filing office. Delay by the filing office beyond a time limit prescribed by this part is excused if: (1) The delay is caused by interruption of communication or computer facilities, war, emergency conditions, failure of equipment, or other circumstances beyond control of the filing office; and (2) The filing office exercises […]
Section 6A-9-525. – Fees.
§ 6A-9-525. Fees. (a) Initial financing statement or other record: general rule. Except as otherwise provided in subsection (e), the fee for filing and indexing a record under this part, other than an initial financing statement of the kind described in subsection (b), is: (1) Sixteen dollars ($16.00) if the record is communicated in writing […]
Section 6A-9-526. – Filing-office rules.
§ 6A-9-526. Filing-office rules. (a) Adoption of filing-office rules. The secretary of state shall adopt and publish rules to implement this chapter. The filing-office rules must be: (1) Consistent with this chapter; and (2) Adopted and published in accordance with chapter 35 of title 42. (b) Harmonization of rules. To keep the filing-office rules and […]
Section 6A-9-527. – Duty to report.
§ 6A-9-527. Duty to report. The secretary of state shall report annually, on or before March 1, to the governor and general assembly on the operation of the filing office. The report must contain a statement of the extent to which: (1) The filing-office rules are not in harmony with the rules of filing offices […]