§ 30-9A-522 — Maintenance And Destruction Of Records

Montana § 30-9A-522

• Jurisdiction: Montana
• Title 30: TRADE AND COMMERCE
• Ch. 9A: UNIFORM COMMERCIAL CODE SECURED TRANSACTIONS
• Part 5: Filing

Text

30-9A-522 . Maintenance and destruction of records. (1) Subject to the requirements of Title 2, chapter 6, part 11, the filing office shall maintain a record of the information provided in a filed financing statement for at least 1 year after the effectiveness of the filed financing statement has lapsed under 30-9A-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 30-9A-501 (1)(a), by using the file number assigned to the initial financing statement to which the record relates and the date and time that the record was filed or recorded; or
(b) if the record was filed or recorded in the filing office described in 30-9A-501 (1)(b), by using the date and time 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 may immediately 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 that complies with subsection (1).

Legislative History

En. Sec. 92, Ch. 305, L. 1999; Sec. 30-9-542 , MCA 1999; redes. 30-9A-522 by Code Commissioner, 2001; amd. Sec. 48, Ch. 348, L. 2015.