A. A filing office shall refuse to accept a record for filing for a reason set forth in section 47-9516, subsection B and may refuse to accept a record for filing only for a reason set forth in section 47-9516, subsection B.

Terms Used In Arizona Laws 47-9520

  • Communicate: means :

    (a) To send a written or other tangible record;

    (b) To transmit a record by any means agreed on by the persons sending and receiving the record; or

    (c) In the case of transmission of a record to or by a filing office, to transmit a record by any means prescribed by filing office rule. See Arizona Laws 47-9102

  • Debtor: means :

    (a) A person having an interest, other than a security interest or other lien, in the collateral, whether or not the person is an obligor;

    (b) A seller of accounts, chattel paper, payment intangibles or promissory notes; or

    (c) A consignee. See Arizona Laws 47-9102

  • Filing office: means an office designated in section 47-9501 as the place to file a financing statement. See Arizona Laws 47-9102
  • Filing office rule: means a rule adopted pursuant to section 47-9526. See Arizona Laws 47-9102
  • Financing statement: means a record or records composed of an initial financing statement and any filed record relating to the initial financing statement. See Arizona Laws 47-9102
  • Person: includes a corporation, company, partnership, firm, association or society, as well as a natural person. See Arizona Laws 1-215

B. If a filing office refuses to accept a record for filing, it shall communicate to the person that presented the record the fact of and reason for the refusal and the date and time of the refusal to accept the record. The communication shall be made at the time and in the manner prescribed by filing office rule but, in the case of a filing office described in section 47-9501, subsection A, paragraph 2, not more than five business days after the filing office receives the record.

C. A filed financing statement satisfying section 47-9502, subsections A and B is effective, even if the filing office is required to refuse to accept it for filing under subsection A of this section. However, section 47-9338 applies to a filed financing statement providing information that is described in section 47-9516, subsection B, paragraph 5 and that is incorrect at the time the financing statement is filed.

D. If a record communicated to a filing office provides information that relates to more than one debtor, this article applies as to each debtor separately.

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