On the timely filing of an amendment to continue a financing statement by any secured party of record, the active status of the financing statement must be extended for five years.
The filing of an amendment to continue a financing statement has no effect upon the status of any party to the financing statement.
On the filing of an amendment to continue a financing statement, the status of the financing statement remains active.
Minn. R. agency 133, ch. 8280, UCC INFORMATION MANAGEMENT SYSTEM, pt. 8280.0230
Statutory Authority: L 2000 c 399 art 1s 139