(1)The central filing officer shall compile all
effective financing statements or notices into a master list:
(a)Containing the information referred to in section 4-9.5-105.3;
(b)Organized according to farm product; and
(c)Arranged within each such farm product:
(I)In alphabetical order according to the last name of the individual debtors
or, in the case of debtors doing business other than as individuals, the first word in
the name of such debtors;
(II)In numerical order according to the social security number, or other
unique identifier, of the individual debtors or, in the case of debtors doing business
other than as individuals, the federal internal revenue service taxpayer
identification number, or other unique identifier, of such debtors;
(III)Geographically by cou
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(1) The central filing officer shall compile all
effective financing statements or notices into a master list:
(a) Containing the information referred to in section 4-9.5-105.3;
(b) Organized according to farm product; and
(c) Arranged within each such farm product:
(I) In alphabetical order according to the last name of the individual debtors
or, in the case of debtors doing business other than as individuals, the first word in
the name of such debtors;
(II) In numerical order according to the social security number, or other
unique identifier, of the individual debtors or, in the case of debtors doing business
other than as individuals, the federal internal revenue service taxpayer
identification number, or other unique identifier, of such debtors;
(III) Geographically by county; and
(IV) By crop year.
(2) (a) The central filing officer shall cause the information on the master list
to be produced in lists organized in the same manner as the master list.
(b) If a registered buyer or other interested person so requests, the list or
lists for such buyer or person may be limited to any county or group of counties
where the farm product is used or produced, or to any crop year or years, or a
combination of such identifiers.
(3) All buyers of farm products, commission merchants, selling agents, and
other persons may register with the central filing officer to access lists described in
subsection (2) of this section. Any buyer of farm products, commission merchant,
selling agent, or other person conducting business from multiple locations may be
considered as one entity, at its option. Such registration shall be on an annual basis.
The central filing officer shall prescribe the process for registration, which shall
include the name and address of the registrant and the list or lists described in
subsection (2) of this section that such registrant desires to receive. A registration
shall be complete when the registrant has provided the required information and
paid the prescribed fee. A registrant is deemed to be registered only as to those
products, counties, and crop years for which the registrant requests a list.
(4) The lists as produced pursuant to subsection (2) of this section shall be
published and distributed by the central filing officer and shall reflect all effective
financing statements that are effective as of the date of the compilation of the lists.
The central filing officer shall determine the frequency with which the lists
identified pursuant to subsection (2) of this section shall be compiled and
distributed. Such lists may be distributed on an annual basis with three quarterly
cumulative supplements or, if cost-effective, requested by registered buyers, and
permitted by applicable federal law, the central filing officer may distribute more
frequent supplements as determined by the central filing officer reflecting all new
filings, changes, and terminations since the last list. The central filing officer may
develop the form in which to distribute lists. If the name of the seller of a farm
product is not on a list requested and received by a registrant, the sale of the farm
product to the registrant shall be free of any security interest granted by that seller
with respect to the farm product except as to any farm product for which the
registrant has received direct notification of the existence of a security interest
pursuant to 7 U.S.C. sec. 1631 (e)(1) and (g)(2)(A). The registrant may rely on the
representation of the seller as to the seller's identity, so long as the reliance is in
good faith.
(5) The central filing officer shall remove from the master list any effective
financing statement that has lapsed pursuant to section 4-9.5-105.3 (2) or has been
terminated pursuant to section 4-9.5-107.
(6) As soon as practicable, the central filing officer shall publish and
distribute the master list electronically.