La. Admin. Code tit. 7 § XXXVII-107

Current through Register Vol. 50, No. 11, November 20, 2024

Section XXXVII-107 - Procedures for Amendment, Assignment, Extension and Cancellation of an EFS

A. All amendments to security devices which are accompanied by a related EFS shall be filed in writing (Form CR-2) within three months of amendment.

B. All assignments of security devices which are accompanied by a related EFS shall become effective at time and date of filing with the Central Registry.

C. All extensions to security devices which are accompanied by a related EFS must be filed with the Central Registry within six months before the expiration of the initial five-year period.

D. Each person who files security devices which are accompanied by a related EFS with the Central Registry shall request cancellation of the EFS within 10 calendar days after the date the person who has granted or who is affected by the security device requests in writing, cancellation of the security device, provided the security device is then no longer in effect.

La. Admin. Code tit. 7, § XXXVII-107

Promulgated by the Department of Agriculture and Forestry, Office of Management and Finance, Central Registry, LR 12:826 (December 1986), amended LR 13:561 (October 1987).

AUTHORITY NOTE: Promulgated in accordance with R.S. 3:3655, R.S. 3:3656 and Public Law 99-198 (Food Security Act of 1985).