| (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:
Terms Used In Utah Code 70A-9a-522- Statute: A law passed by a legislature.
| (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
