§ 9-522 — Maintenance and Destruction of Records

New York § 9-522

• Jurisdiction: New York
• Law UCC: Uniform Commercial Code
• Part 5: Filing
• Subpart 2: Duties and Operation of Filing Office
• Art. 9: Secured Transactions

Text

Section 9--522. Maintenance and Destruction of Records.\n (a) Post-lapse maintenance and retrieval of information. The filing\noffice shall maintain a record of the information provided in a filed\nfinancing statement for at least one year after the effectiveness of the\nfinancing statement has lapsed under Section 9--515 with respect to all\nsecured parties of record. The record must be retrievable by using the\nname of the debtor and:\n (1) if the record was filed in the filing office described in\n Section 9--501(a)(1), by using:\n (A) the file number assigned to the initial financing\n statement to which the record relates and the date and\n time that the record was filed; and\n (B) in the case of collateral which is a cooperative\n interest, the real property tax designation associated\n with the real property in which the cooperative unit is\n located as assigned by the local real property tax\n assessing authority; or\n (2) if the record was filed in the filing office described in\n Section 9--501(a)(2), by using the file number assigned to\n the initial financing statement to which the record relates.\n (b) Destruction of written records. Except to the extent that a\nstatute governing disposition of public records provides otherwise, the\nfiling office immediately may destroy any written record evidencing a\nfinancing statement. However, if the filing office destroys a written\nrecord, it shall maintain another record of the financing statement\nwhich complies with subsection (a).\n