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.
1992 c 525 s 7; 2004 c 191 s 7
Structure Minnesota Statutes
Chapters 324 - 341 — Trade Regulations, Consumer Protection
Chapter 336A — Farm Product Liens And Financing Statements
Section 336A.01 — Definitions.
Section 336A.02 — Specification Of Farm Products.
Section 336A.03 — Contents Of Financing Statement Or Lien Notice.
Section 336A.04 — Filing Effective Financing Statement Or Lien Notice.
Section 336A.05 — Effect Of Filing On Perfection And Priority.
Section 336A.06 — Continuation Statement.
Section 336A.07 — Termination Statements.
Section 336A.08 — Master List.
Section 336A.11 — Registration Of Farm Product Dealers.
Section 336A.13 — Receipt Of Written Notice.
Section 336A.14 — Restricted Use Of Information.
Section 336A.15 — Buyers Taking Free Of And Subject To Farm Products Statutory Liens.
Section 336A.16 — Commission Merchants And Selling Agents Subject To Farm Products Statutory Lien.