70A-9a-522. Maintenance and destruction of records.

209 words·~1 min read·/ut/title-70a/chapter-9a/70a-9a-522·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(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 70A-9a-515 with respect to all secured parties of record. The record must be retrievable by using the name of the debtor and:

(a)if the record was filed or recorded in the filing office described in Subsection 70A-9a-501(1)(a) :

(i)by using the entry number assigned to the initial financing statement to which the record relates and the book and page that the record was filed or recorded; or

(ii)by the legal description of the real property; or

(b)if the record was filed in the filing office described in Subsection 70A-9a-501(1)(b) , by using the file number assigned to the initial financing statement to which the record relates.

(2)Except to the extent that a statute governing disposition of public records provides otherwise, the filing office immediately may destroy any written record evidencing a financing statement. However, if the filing office destroys a written record, it shall maintain another record of the financing statement which complies with Subsection

(1).

Enacted by Chapter 252 , 2000 General Session