reglab/statecodes huggingface dataset:
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336 — Uniform Commercial Code › Section 336.9-623 — Right To Redeem Collateral.

336.9-623 RIGHT TO REDEEM COLLATERAL.
(a)
Persons that may redeem.
A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.
(b)
Requirements for redemption.
To redeem collateral, a person shall tender:
(1) fulfillment of all obligations secured by the collateral; and
(2) the reasonable expenses and attorneys fees described in section 336.9-615(a)(1).
(c)
When redemption may occur.
A redemption may occur at any time before a secured party:
(1) has collected collateral under section 336.9-607;
(2) has disposed of collateral or entered into a contract for its disposition under section 336.9-610; or
(3) has accepted collateral in full or partial satisfaction of the obligation it secures under section 336.9-622.
History:
2000 c 399 art 1 s 124
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336 — Uniform Commercial Code › Section 336.9-624 — Waiver.

336.9-624 WAIVER.
(a)
Waiver of disposition notification.
A debtor or secondary obligor may waive the right to notification of disposition of collateral under section 336.9-611 only by an agreement to that effect entered into and authenticated after default.
(b)
Waiver of mandatory disposition.
A debtor may waive the right to require disposition of collateral under section 336.9-620(e) only by an agreement to that effect entered into and authenticated after default.
(c)
Waiver of redemption right.
Except in a consumer goods transaction, a debtor or secondary obligor may waive the right to redeem collateral under section 336.9-623 only by an agreement to that effect entered into and authenticated after default.
History:
2000 c 399 art 1 s 125
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336 — Uniform Commercial Code › Section 336.9-626 — Action In Which Deficiency Or Surplus Is In Issue.

336.9-626 ACTION IN WHICH DEFICIENCY OR SURPLUS IS IN ISSUE.
(a)
Applicable rules if amount of deficiency or surplus is in issue.
In an action arising from a transaction, other than a consumer transaction, in which the amount of a deficiency or surplus is in issue, the following rules apply:
(1) A secured party need not prove compliance with the provisions of this part relating to collection, enforcement, disposition, or acceptance unless the debtor or a secondary obligor places the secured party's compliance in issue.
(2) If the secured party's compliance is placed in issue, the secured party has the burden of establishing that the collection, enforcement, disposition, or acceptance was conducted in accordance with this part.
(3) Except as otherwise provided in section 336.9-628, if a secured party fails to prove that the collection, enforcement, disposition, or acceptance was conducted in accordance with the provisions of this part relating to collection, enforcement, disposition, or acceptance, the liability of a debtor or a secondary obligor for a deficiency is limited to an amount by which the sum of the secured obligation, expenses, and attorneys fees exceeds the greater of:
(A) the proceeds of the collection, enforcement, disposition, or acceptance; or
(B) the amount of proceeds that would have been realized had the noncomplying secured party proceeded in accordance with the provisions of this part relating to collection, enforcement, disposition, or acceptance.
(4) For purposes of paragraph (3)(B), the amount of proceeds that would have been realized is equal to the sum of the secured obligation, expenses, and attorneys fees unless the secured party proves that the amount is less than that sum.
(5) If a deficiency or surplus is calculated under section 336.9-615(f), the debtor or obligor has the burden of establishing that the amount of proceeds of the disposition is significantly below the range of prices that a complying disposition to a person other than the secured party, a person related to the secured party, or a secondary obligor would have brought.
(b)
Nonconsumer transactions; no inference.
The limitation of the rules in subsection (a) to transactions other than consumer transactions is intended to leave to the court the determination of the proper rules in consumer transactions. The court may not infer from that limitation the nature of the proper rule in consumer transactions and may continue to apply established approaches.
History:
2000 c 399 art 1 s 127
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336 — Uniform Commercial Code › Section 336.9-627 — Determination Of Whether Conduct Was Commercially Reasonable.

336.9-627 DETERMINATION OF WHETHER CONDUCT WAS COMMERCIALLY REASONABLE.
(a)
Greater amount obtainable under other circumstances; no preclusion of commercial reasonableness.
The fact that a greater amount could have been obtained by a collection, enforcement, disposition, or acceptance at a different time or in a different method from that selected by the secured party is not of itself sufficient to preclude the secured party from establishing that the collection, enforcement, disposition, or acceptance was made in a commercially reasonable manner.
(b)
Dispositions that are commercially reasonable.
A disposition of collateral is made in a commercially reasonable manner if the disposition is made:
(1) in the usual manner on any recognized market;
(2) at the price current in any recognized market at the time of the disposition; or
(3) otherwise in conformity with reasonable commercial practices among dealers in the type of property that was the subject of the disposition.
(c)
Approval by court or on behalf of creditors.
A collection, enforcement, disposition, or acceptance is commercially reasonable if it has been approved:
(1) in a judicial proceeding;
(2) by a bona fide creditors' committee;
(3) by a representative of creditors; or
(4) by an assignee for the benefit of creditors.
(d)
Approval under subsection (c) not necessary; absence of approval has no effect.
Approval under subsection (c) need not be obtained, and lack of approval does not mean that the collection, enforcement, disposition, or acceptance is not commercially reasonable.
History:
2000 c 399 art 1 s 128
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336 — Uniform Commercial Code › Section 336.9-628 — Nonliability And Limitation On Liability Of Secured Party; Liability Of Secondary Obligor.

336.9-628 NONLIABILITY AND LIMITATION ON LIABILITY OF SECURED PARTY; LIABILITY OF SECONDARY OBLIGOR.
(a)
Limitation of liability of secured party for noncompliance with article.
Unless a secured party knows that a person is a debtor or obligor, knows the identity of the person, and knows how to communicate with the person:
(1) the secured party is not liable to the person, or to a secured party or lienholder that has filed a financing statement against the person, for failure to comply with this article; and
(2) the secured party's failure to comply with this article does not affect the liability of the person for a deficiency.
(b)
Limitation of liability based on status as secured party.
A secured party is not liable because of its status as secured party:
(1) to a person that is a debtor or obligor, unless the secured party knows:
(A) that the person is a debtor or obligor;
(B) the identity of the person; and
(C) how to communicate with the person; or
(2) to a secured party or lienholder that has filed a financing statement against a person, unless the secured party knows:
(A) that the person is a debtor; and
(B) the identity of the person.
(c)
Limitation of liability if good faith belief that transaction is not a consumer goods transaction or consumer transaction.
A secured party is not liable to any person, and a persons liability for a deficiency is not affected, because of any act or omission arising out of the secured party's reasonable belief that a transaction is not a consumer goods transaction or a consumer transaction or that goods are not consumer goods, if the secured party's belief is based on its reasonable reliance on:
(1) a debtor's representation concerning the purpose for which collateral was to be used, acquired, or held; or
(2) an obligor's representation concerning the purpose for which a secured obligation was incurred.
(d)
Limitation of liability for statutory damages.
A secured party is not liable to any person under section 336.9-625(c)(2) for its failure to comply with section 336.9-616.
(e)
Limitation of multiple liability for statutory damages.
A secured party is not liable under section 336.9-625(c)(2) more than once with respect to any one secured obligation.
History:
2000 c 399 art 1 s 129
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336 — Uniform Commercial Code › Section 336.9-702 — Savings Clause.

336.9-702 SAVINGS CLAUSE.
(a)
Pre-effective date transactions or liens.
Except as otherwise provided in this part, Laws 2000, chapter 399, applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before Laws 2000, chapter 399, takes effect.
(b)
Continuing validity.
Except as otherwise provided in subsection (c) and sections 336.9-703 through 336.9-709:
(1) transactions and liens that were not governed by former article 9, were validly entered into or created before Laws 2000, chapter 399, takes effect, and would be subject to Laws 2000, chapter 399, if they had been entered into or created after Laws 2000, chapter 399, takes effect, and the rights, duties, and interests flowing from those transactions and liens remain valid after Laws 2000, chapter 399, takes effect; and
(2) the transactions and liens may be terminated, completed, consummated, and enforced as required or permitted by Laws 2000, chapter 399, or by the law that otherwise would apply if Laws 2000, chapter 399, had not taken effect.
(c)
Pre-effective date proceedings.
Laws 2000, chapter 399, does not affect an action, case, or proceeding commenced before Laws 2000, chapter 399, takes effect.
History:
2000 c 399 art 1 s 131
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336 — Uniform Commercial Code › Section 336.9-703 — Security Interest Perfected Before Effective Date.

336.9-703 SECURITY INTEREST PERFECTED BEFORE EFFECTIVE DATE.
(a)
Continuing priority over lien creditor: perfection requirements satisfied.
A security interest that is enforceable immediately before Laws 2000, chapter 399, takes effect and would have priority over the rights of a person that becomes a lien creditor at that time is a perfected security interest under Laws 2000, chapter 399, if, when Laws 2000, chapter 399, takes effect, the applicable requirements for enforceability and perfection under Laws 2000, chapter 399, are satisfied without further action.
(b)
Continuing priority over lien creditor: perfection requirements not satisfied.
Except as otherwise provided in section 336.9-705, if, immediately before Laws 2000, chapter 399, takes effect, a security interest is enforceable and would have priority over the rights of a person that becomes a lien creditor at that time, but the applicable requirements for enforceability or perfection under Laws 2000, chapter 399, are not satisfied when Laws 2000, chapter 399, takes effect, the security interest:
(1) is a perfected security interest for one year after Laws 2000, chapter 399, takes effect;
(2) remains enforceable thereafter only if the security interest becomes enforceable under section 336.9-203 before the year expires; and
(3) remains perfected thereafter only if the applicable requirements for perfection under Laws 2000, chapter 399, are satisfied before the year expires.
History:
2000 c 399 art 1 s 132
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336 — Uniform Commercial Code › Section 336.9-704 — Security Interest Unperfected Before Effective Date.

336.9-704 SECURITY INTEREST UNPERFECTED BEFORE EFFECTIVE DATE.
A security interest that is enforceable immediately before Laws 2000, chapter 399, takes effect but which would be subordinate to the rights of a person that becomes a lien creditor at that time:
(1) remains an enforceable security interest for one year after Laws 2000, chapter 399, takes effect;
(2) remains enforceable thereafter if the security interest becomes enforceable under section 336.9-203 when Laws 2000, chapter 399, takes effect or within one year thereafter; and
(3) becomes perfected:
(A) without further action, when Laws 2000, chapter 399, takes effect if the applicable requirements for perfection under Laws 2000, chapter 399, are satisfied before or at that time; or
(B) when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.
History:
2000 c 399 art 1 s 133
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336 — Uniform Commercial Code › Section 336.9-706 — When Initial Financing Statement Suffices To Continue Effectiveness Of Financing Statement.

336.9-706 WHEN INITIAL FINANCING STATEMENT SUFFICES TO CONTINUE EFFECTIVENESS OF FINANCING STATEMENT.
(a)
Initial financing statement in lieu of continuation statement.
The filing of an initial financing statement in the office specified in section 336.9-501 continues the effectiveness of a financing statement filed before Laws 2000, chapter 399, takes effect if:
(1) the filing of an initial financing statement in that office would be effective to perfect a security interest under Laws 2000, chapter 399;
(2) the pre-effective date financing statement was filed in an office in another state or another office in this state; and
(3) the initial financing statement satisfies subsection (c).
(b)
Period of continued effectiveness.
The filing of an initial financing statement under subsection (a) continues the effectiveness of the pre-effective date financing statement:
(1) if the initial financing statement is filed before Laws 2000, chapter 399, takes effect, for the period provided in Minnesota Statutes 1998, section 336.9-403, with respect to a financing statement; and
(2) if the initial financing statement is filed after Laws 2000, chapter 399, takes effect, for the period provided in section 336.9-515 with respect to an initial financing statement.
(c)
Requirements for initial financing statement under subsection (a).
To be effective for purposes of subsection (a), an initial financing statement must:
(1) satisfy the requirements of Part 5 for an initial financing statement;
(2) identify the pre-effective date financing statement by indicating the office in which the financing statement was filed and providing the dates of filing and file numbers, if any, of the financing statement and of the most recent continuation statement filed with respect to the financing statement; and
(3) indicate that the pre-effective date financing statement remains effective.
History:
2000 c 399 art 1 s 135
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336 — Uniform Commercial Code › Section 336.9-707 — Amendment Of Pre-effective Date Financing Statement.

336.9-707 AMENDMENT OF PRE-EFFECTIVE DATE FINANCING STATEMENT.
(a)
Pre-effective date financing statement.
In this section, "pre-effective date financing statement" means a financing statement filed before Laws 2000, chapter 399, takes effect.
(b)
Applicable law.
After Laws 2000, chapter 399, takes effect, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information provided in, a pre-effective date financing statement only in accordance with the law of the jurisdiction governing perfection as provided in Part 3. However, the effectiveness of a pre-effective date financing statement also may be terminated in accordance with the law of the jurisdiction in which the financing statement is filed.
(c)
Method of amending: general rule.
Except as otherwise provided in subsection (d), if the law of this state governs perfection of a security interest, the information in a pre-effective date financing statement may be amended after Laws 2000, chapter 399, takes effect only if:
(1) the pre-effective date financing statement and an amendment are filed in the office specified in section 336.9-501;
(2) an amendment is filed in the office specified in section 336.9-501 concurrently with, or after the filing in that office of, an initial financing statement that satisfies section 336.9-706(c); or
(3) an initial financing statement that provides the information as amended and satisfies section 336.9-706(c) is filed in the office specified in section 336.9-501.
(d)
Method of amending: continuation.
If the law of this state governs perfection of a security interest, the effectiveness of a pre-effective date financing statement may be continued only under section 336.9-705(d) and (f) or 336.9-706.
(e)
Method of amending: additional termination rule.
Whether or not the law of this state governs perfection of a security interest, the effectiveness of a pre-effective date financing statement filed in this state may be terminated after Laws 2000, chapter 399, takes effect by filing a termination statement in the office in which the pre-effective date financing statement is filed, unless an initial financing statement that satisfies section 336.9-706(c) has been filed in the office specified by the law of the jurisdiction governing perfection as provided in Part 3 as the office in which to file a financing statement.
History:
2000 c 399 art 1 s 136
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336 — Uniform Commercial Code › Section 336.9-708 — Persons Entitled To File Initial Financing Statement Or Continuation Statement.

336.9-708 PERSONS ENTITLED TO FILE INITIAL FINANCING STATEMENT OR CONTINUATION STATEMENT.
A person may file an initial financing statement or a continuation statement under this part if:
(1) the secured party of record authorizes the filing; and
(2) the filing is necessary under this part:
(A) to continue the effectiveness of a financing statement filed before Laws 2000, chapter 399, takes effect; or
(B) to perfect or continue the perfection of a security interest.
History:
2000 c 399 art 1 s 137
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336 — Uniform Commercial Code › Section 336.9-709 — Priority.

336.9-709 PRIORITY.
(a)
Law governing priority.
Laws 2000, chapter 399, determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before Laws 2000, chapter 399, takes effect, former article 9 determines priority.
(b)
Priority if security interests become enforceable under section 336.9-203.
For purposes of section 336.9-322(a), the priority of a security interest that becomes enforceable under section 336.9-203 dates from the time Laws 2000, chapter 399, takes effect if the security interest is perfected under Laws 2000, chapter 399, by the filing of a financing statement before Laws 2000, chapter 399, takes effect which would not have been effective to perfect the security interest under former article 9. This subsection does not apply to conflicting security interests each of which is perfected by the filing of such a financing statement.
History:
2000 c 399 art 1 s 138
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336 — Uniform Commercial Code › Section 336.9-802 — Savings Clause.

336.9-802 SAVINGS CLAUSE.
(a)
Pre-effective date transactions or liens.
Except as otherwise provided in this section, Laws 2011, chapter 31, applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before Laws 2011, chapter 31, takes effect.
(b)
Pre-effective date proceedings.
Laws 2011, chapter 31, does not affect an action, case, or proceeding commenced before Laws 2011, chapter 31, takes effect.
History:
2011 c 31 art 1 s 16,17
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336 — Uniform Commercial Code › Section 336.9-803 — Security Interest Perfected Before Effective Date.

336.9-803 SECURITY INTEREST PERFECTED BEFORE EFFECTIVE DATE.
(a)
Continuing perfection: perfection requirements satisfied.
A security interest that is a perfected security interest immediately before Laws 2011, chapter 31, takes effect is a perfected security interest under article 9 as amended by Laws 2011, chapter 31, if, when Laws 2011, chapter 31, takes effect, the applicable requirements for attachment and perfection under article 9 as amended by Laws 2011, chapter 31, are satisfied without further action.
(b)
Continuing perfection: perfection requirements not satisfied.
Except as otherwise provided in section 336.9-805, if, immediately before Laws 2011, chapter 31, takes effect, a security interest is a perfected security interest, but the applicable requirements for perfection under article 9 as amended by Laws 2011, chapter 31, are not satisfied when Laws 2011, chapter 31, takes effect, the security interest remains perfected thereafter only if the applicable requirements for perfection under article 9 as amended by Laws 2011, chapter 31, are satisfied within one year after Laws 2011, chapter 31, takes effect.
History:
2011 c 31 art 1 s 16,18
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336 — Uniform Commercial Code › Section 336.9-804 — Security Interest Unperfected Before Effective Date.

336.9-804 SECURITY INTEREST UNPERFECTED BEFORE EFFECTIVE DATE.
A security interest that is an unperfected security interest immediately before Laws 2011, chapter 31, takes effect becomes a perfected security interest:
(1) without further action, when Laws 2011, chapter 31, takes effect if the applicable requirements for perfection under article 9 as amended by Laws 2011, chapter 31, are satisfied before or at that time; or
(2) when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.
History:
2011 c 31 art 1 s 16,19
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336 — Uniform Commercial Code › Section 336.9-806 — When Initial Financing Statement Suffices To Continue Effectiveness Of Financing Statement.

336.9-806 WHEN INITIAL FINANCING STATEMENT SUFFICES TO CONTINUE EFFECTIVENESS OF FINANCING STATEMENT.
(a)
Initial financing statement in lieu of continuation statement.
The filing of an initial financing statement in the office specified in section 336.9-501 continues the effectiveness of a financing statement filed before Laws 2011, chapter 31, takes effect if:
(1) the filing of an initial financing statement in that office would be effective to perfect a security interest under article 9 as amended by Laws 2011, chapter 31;
(2) the pre-effective date financing statement was filed in an office in another state; and
(3) the initial financing statement satisfies subsection (c).
(b)
Period of continued effectiveness.
The filing of an initial financing statement under subsection (a) continues the effectiveness of the pre-effective date financing statement:
(1) if the initial financing statement is filed before Laws 2011, chapter 31, takes effect, for the period provided in unamended section 336.9-515 with respect to an initial financing statement; and
(2) if the initial financing statement is filed after Laws 2011, chapter 31, takes effect, for the period provided in section 336.9-515 as amended by Laws 2011, chapter 31, with respect to an initial financing statement.
(c)
Requirements for initial financing statement under subsection (a).
To be effective for purposes of subsection (a), an initial financing statement must:
(1) satisfy the requirements of part 5 as amended by Laws 2011, chapter 31, for an initial financing statement;
(2) identify the pre-effective date financing statement by indicating the office in which the financing statement was filed and providing the dates of filing and file numbers, if any, of the financing statement and of the most recent continuation statement filed with respect to the financing statement; and
(3) indicate that the pre-effective date financing statement remains effective.
History:
2011 c 31 art 1 s 16,21
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336 — Uniform Commercial Code › Section 336.9-807 — Amendment Of Pre-effective Date Financing Statement.

336.9-807 AMENDMENT OF PRE-EFFECTIVE DATE FINANCING STATEMENT.
(a)
Pre-effective date financing statement.
In this section, "pre-effective date financing statement" means a financing statement filed before Laws 2011, chapter 31, takes effect.
(b)
Applicable law.
After Laws 2011, chapter 31, takes effect, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information provided in, a pre-effective date financing statement only in accordance with the law of the jurisdiction governing perfection as provided in article 9 as amended by Laws 2011, chapter 31. However, the effectiveness of a pre-effective date financing statement also may be terminated in accordance with the law of the jurisdiction in which the financing statement is filed.
(c)
Method of amending: general rule.
Except as otherwise provided in subsection (d), if the law of this state governs perfection of a security interest, the information in a pre-effective date financing statement may be amended after Laws 2011, chapter 31, takes effect only if:
(1) the pre-effective date financing statement and an amendment are filed in the office specified in section 336.9-501;
(2) an amendment is filed in the office specified in section 336.9-501 concurrently with, or after the filing in that office of, an initial financing statement that satisfies section 336.9-806 (c); or
(3) an initial financing statement that provides the information as amended and satisfies section 336.9-806 (c) is filed in the office specified in section 336.9-501.
(d)
Method of amending: continuation.
If the law of this state governs perfection of a security interest, the effectiveness of a pre-effective date financing statement may be continued only under section 336.9-805 (c) and (e), or 336.9-806.
(e)
Method of amending: additional termination rule.
Whether or not the law of this state governs perfection of a security interest, the effectiveness of a pre-effective date financing statement filed in this state may be terminated after Laws 2011, chapter 31, takes effect by filing a termination statement in the office in which the pre-effective date financing statement is filed, unless an initial financing statement that satisfies section 336.9-806 (c) has been filed in the office specified by the law of the jurisdiction governing perfection as provided in article 9 as amended by Laws 2011, chapter 31, as the office in which to file a financing statement.
History:
2011 c 31 art 1 s 16,22
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336 — Uniform Commercial Code › Section 336.9-808 — Person Entitled To File Initial Financing Statement Or Continuation Statement.

336.9-808 PERSON ENTITLED TO FILE INITIAL FINANCING STATEMENT OR CONTINUATION STATEMENT.
A person may file an initial financing statement or a continuation statement under this part if:
(1) the secured party of record authorizes the filing; and
(2) the filing is necessary under this part:
(A) to continue the effectiveness of a financing statement filed before Laws 2011, chapter 31, takes effect; or
(B) to perfect or continue the perfection of a security interest.
History:
2011 c 31 art 1 s 16,23
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336 — Uniform Commercial Code › Section 336.9-809 — Priority.

336.9-809 PRIORITY.
Laws 2011, chapter 31, determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before Laws 2011, chapter 31, takes effect, article 9 as it existed before amendment determines priority.
History:
2011 c 31 art 1 s 16,24
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336 — Uniform Commercial Code › Section 336.10-102 — Laws Repealed; Provision For Transition.

336.10-102 LAWS REPEALED; PROVISION FOR TRANSITION.
(1) Minnesota Statutes 1961, Sections 48.29; 48.515; 48.518; 227.01 to 227.49; 227.56 to 227.59; 228.01 to 228.44; 228.52 to 228.55; 300.56; 302.01 to 302.22; 334.08; 334.09; 334.12; 335.01 to 335.03; 335.035 to 335.275; 335.276, as amended by Laws 1963, Chapter 301, Section 1; 335.28 to 335.80; 359.09; 359.10; 511.01 to 511.05; 511.06, as amended by Laws 1963, Chapter 173, Section 1; 511.07 to 511.32; 512.01 to 512.79; 513.12 to 513.19; 514.80 to 514.86; 514.87, as amended by Laws 1963, Chapter 59, Section 1; 514.88 to 514.91; 520.04 to 520.06; 521.01 to 521.07; 522.01 to 522.18; 601.02; and 601.03, are repealed.
(2) Transactions validly entered into before the effective date specified in section 336.10-105 and the rights, duties, and interests flowing from them remain valid thereafter and may be terminated, completed, consummated, or enforced as required or permitted by any statute or other law repealed by this chapter as though such repeal had not occurred.
History:
1965 c 811 s 336.10-102
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336 — Uniform Commercial Code › Section 336.10-103 — General Repealer.

336.10-103 GENERAL REPEALER.
Except as provided in the following section, all laws and parts of laws inconsistent with this chapter are hereby repealed.
History:
1965 c 811 s 336.10-103
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336 — Uniform Commercial Code › Section 336.10-105 — Effective Date.

336.10-105 EFFECTIVE DATE.
This chapter shall become effective July 1, 1966. It applies to transactions entered into and occurring on and after that date.
History:
1965 c 811 s 336.10-105; 2009 c 86 art 1 s 61
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336A — Farm Product Liens And Financing Statements › Section 336A.02 — Specification Of Farm Products.

336A.02 SPECIFICATION OF FARM PRODUCTS.
Subdivision 1.
List of products.
The computerized filing system must provide information about the following farm products:
(1) wheat/durum;
(2) alfalfa;
(3) barley;
(4) oats;
(5) rye;
(6) sorghum;
(7) hay;
(8) flax;
(9) sunflowers;
(10) field corn;
(11) silage;
(12) canola;
(13) soybeans;
(14) dry edible beans;
(15) green beans;
(16) snap beans;
(17) green lima beans;
(18) sweet corn;
(19) green peas;
(20) potatoes;
(21) carrots;
(22) onions;
(23) cucumbers;
(24) sugar beets;
(25) wool;
(26) milk;
(27) eggs;
(28) cheese;
(29) apples;
(30) honey/bees wax;
(31) cattle/calves;
(32) hogs/pigs;
(33) sheep/lambs;
(34) horses;
(35) goats;
(36) chickens;
(37) broilers;
(38) turkeys;
(39) mink;
(40) fish;
(41) wild rice; and
(42) bison.
Subd. 2.
Crops grown for seed.
Information about the crops listed in subdivision 1 includes information on crops grown for seed.
History:
1992 c 525 s 3; 2004 c 191 s 2
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336A — Farm Product Liens And Financing Statements › Section 336A.05 — Effect Of Filing On Perfection And Priority.

336A.05 EFFECT OF FILING ON PERFECTION AND PRIORITY.
Filing under this chapter does not affect the perfection of security interests filed under the Uniform Commercial Code or a farm products statutory lien filed in accordance with the provisions of law under which it was created and does not affect the priority of a security interest in farm products or a farm products statutory lien except as provided in section 336A.15 or 336A.16 and United States Code, title 7, section 1631.
History:
1992 c 525 s 6; 2004 c 191 s 6
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336A — Farm Product Liens And Financing Statements › Section 336A.06 — Continuation Statement.

336A.06 CONTINUATION STATEMENT.
Subdivision 1.
Filing period.
A secured party may file a continuation statement for an effective financing statement within six months before a five-year effective period expires.
Subd. 2.
Contents.
A continuation statement must:
(1) be signed, authorized, or otherwise authenticated by the secured party and the debtor;
(2) identify the original effective financing statement by file number; and
(3) state that the original effective financing statement is still effective.
Subd. 3.
Effective period.
If a continuation statement is filed within six months before a five-year effective period expires, the effectiveness of the original effective financing statement continues for an additional five years after the original five-year effective period. Additional continuation statements filed within six months before an effective period expires continue the effectiveness of the original effective financing statement for additional five-year periods.
Subd. 4.
Filing.
The continuation statement must be filed in the computerized filing system of the Office of the Secretary of State.
History:
1992 c 525 s 7; 2004 c 191 s 7
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336A — Farm Product Liens And Financing Statements › Section 336A.07 — Termination Statements.

336A.07 TERMINATION STATEMENTS.
Subdivision 1.
Requirement.
(a) A secured party shall within 30 days file a lien termination statement and termination statement for the effective financing statement when:
(1) an outstanding secured obligation does not exist; and
(2) a written commitment to make advances, incur obligations, or otherwise give value does not exist.
(b) A lienholder shall file a termination statement with respect to a lien notice within 30 days after an outstanding lien notice obligation no longer exists.
Subd. 2.
Contents.
(a) Unless filed pursuant to section 336A.03, subdivision 4, in order to amend an effective financing statement or a lien notice, a termination statement for a lien notice or an effective financing statement must:
(1) state the file number of the effective financing statement or lien notice;
(2) state the date on which the lien or security interest was satisfied;
(3) state that the secured party does not claim a security interest under the effective financing statement or that the lienholder does not claim a lien under the lien notice; and
(4) be signed, authorized, or otherwise authenticated by the secured party or lienholder.
(b) If a termination statement is filed pursuant to section 336A.03, subdivision 4, in order to amend an effective financing statement or a lien notice, the termination statement must:
(1) state the file number of the effective financing statement or lien notice; and
(2) be signed, authorized, or otherwise authenticated by the secured party or lienholder.
Subd. 3.
Filing.
A termination statement for an effective financing statement or a lien notice must be filed in the computerized filing system operated by the Office of the Secretary of the State.
Subd. 4.
Failure to file.
If the secured party or lienholder fails to file a termination statement as required by subdivision 1, or within ten days after a debtor serves a written demand for the termination statement if the conditions in subdivision 1 exist, the secured party or lienholder is liable to the debtor for $100 plus any loss caused to the debtor by failing to file the termination statement. For the second and each subsequent time a secured party or lienholder is found liable to a debtor under this subdivision in any one calendar year, the secured party or lienholder is liable to the debtor for $250 plus any loss caused to the debtor.
Subd. 5.
[Repealed by amendment, 2004 c 191 s 8]
History:
1992 c 525 s 8; 2004 c 191 s 8
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336A — Farm Product Liens And Financing Statements › Section 336A.09 — Inquiries.

336A.09 INQUIRIES.
Subdivision 1.
Procedure.
(a) Online and written inquiries regarding information provided by the filing of effective financing statements or lien notices may be submitted to the secretary of state during regular business hours or, if submitted online, at any time.
(b) The secretary of state must, upon receiving an inquiry, provide a prompt response to the inquiry.
(c) The secretary of state shall maintain a record of inquiries made under this section including:
(1) the date of the inquiry;
(2) the name of the debtor inquired about; and
(3) identification of the person making the request for inquiry.
Subd. 2.
Searches; fees.
(a) If a person makes a request, the filing officer shall conduct a search of the computerized filing system for effective financing statements or lien notices and statements of continuation of a particular debtor. The filing officer shall produce a report including the date, time, and results of the search by issuing:
(1) a listing of the file number, date, and hour of each effective financing statement found in the search and the names and addresses of each secured party on the effective financing statements or of each lien notice found in the search and the names and address of each lienholder on the lien notice; or
(2) upon request, both the report and photocopies of the effective financing statements or lien notices.
(b) The uniform fee for conducting a search and for preparing a report is $20 per debtor name. A fee as set by section 5.12 will be charged for photocopies of effective financing statements, lien notices, continuation statements, or termination statements.
(c) Search fees collected by a satellite office must be deposited in the general fund of the county where the satellite office is located.
History:
1992 c 525 s 10; 1993 c 369 s 125; 1994 c 438 s 15; 2004 c 191 s 10; 2009 c 98 s 28; 2009 c 101 art 2 s 87; 2015 c 77 art 2 s 70
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336A — Farm Product Liens And Financing Statements › Section 336A.10 — Immunity.

336A.10 IMMUNITY.
(a) Except as provided in sections 609.87 to 609.891, the state, the secretary of state, counties, county recorders, and their employees and agents are immune from liability as a result of errors or omissions in information supplied under this chapter.
(b) The secretary of state, county recorders, and their employees and agents are not liable for any loss or damages arising from errors in or omissions from information entered into the computerized filing system as a result of the electronic transmission of effective financing statements and lien notices.
History:
1992 c 525 s 11; 2004 c 191 s 11
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336A — Farm Product Liens And Financing Statements › Section 336A.11 — Registration Of Farm Product Dealers.

336A.11 REGISTRATION OF FARM PRODUCT DEALERS.
Subdivision 1.
Requirements.
Farm product dealers may register with the secretary of state to receive master lists of notices of security interests in farm products or farm products statutory liens. Registration must be made for a 12-month period. A registration is not complete until the online registration process is properly completed and accompanied by the registration fee.
Subd. 2.
Registration forms or format.
The secretary of state shall make registration forms or format available to farm product dealers. The registration form or format must include provisions for the name and address of the farm product dealer, including the email address for list delivery, and a request for the list.
Subd. 3.
Registration fee.
The annual registration fee for farm product dealers is $25.
Subd. 4.
Record of registered farm product dealers.
The secretary of state shall maintain a record of the registered farm product dealers and contents of the lists received by the registered farm product dealers for a period of five years after the lists are distributed.
History:
1992 c 525 s 12; 1995 c 128 art 3 s 26; 2004 c 191 s 12,13; 2014 c 283 s 6
NOTE:
The amendment to this section by Laws 2014, chapter 283, section 6, is effective upon certification by the secretary of state that the United States Department of Agriculture, Grain Inspectors, Packers and Stockyards Administration has approved the Minnesota central notification system 2014 proposal. The secretary of state shall notify the revisor of statutes when federal certification is obtained. Laws 2014, chapter 283, section 6, the effective date.
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336A — Farm Product Liens And Financing Statements › Section 336A.12 — Rules.

336A.12 RULES.
Subdivision 1.
Authority.
(a) The secretary of state may adopt permanent rules to implement this chapter.
(b) If necessary to obtain federal certification of the computerized filing system, additional or alternative requirements made in conformity with United States Code, title 7, section 1631, may be adopted by the secretary of state by rule.
Subd. 2.
Forms or format.
The secretary of state shall prescribe the forms or format to be used for effective financing statements, lien notices, combined forms, amendments, continuation statements, termination statements, and notices to debtors.
History:
1992 c 525 s 13; 2004 c 191 s 14
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336A — Farm Product Liens And Financing Statements › Section 336A.13 — Receipt Of Written Notice.

336A.13 RECEIPT OF WRITTEN NOTICE.
For purposes of United States Code, title 7, section 1631, and this chapter, receipt of written notice means the date the notice is actually received by a farm product dealer or the first date that delivery is attempted by a carrier. For a mailed notice, a farm product dealer is presumed to have received the notice by five business days after it was mailed unless by ten days after it was mailed the farm product dealer notifies the secretary of state in writing that it has not received the notice by that time. For a notice provided by electronic transmission or posting, a farm product dealer is presumed to have received the notice five business days after the list required to be distributed or made available by section 336A.08, subdivision 4, is posted on an electronic network or site accessible via the Internet, mobile application, computer, mobile device, tablet, or other electronic device, together with a separate notice of posting, which is provided by the secretary of state by electronic mail to the address at which the farm product dealer has consented to receive notice of posting.
History:
1992 c 525 s 14; 2004 c 191 s 15; 2014 c 283 s 7
NOTE:
The amendment to this section by Laws 2014, chapter 283, section 7, is effective upon certification by the secretary of state that the United States Department of Agriculture, Grain Inspectors, Packers and Stockyards Administration has approved the Minnesota central notification system 2014 proposal. The secretary of state shall notify the revisor of statutes when federal certification is obtained. Laws 2014, chapter 283, section 7, the effective date.
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336A — Farm Product Liens And Financing Statements › Section 336A.14 — Restricted Use Of Information.

336A.14 RESTRICTED USE OF INFORMATION.
A Social Security number maintained by the secretary of state under this section is private data on individuals or nonpublic data, as defined in section 13.02. Information obtained from the seller of a farm product relative to the Social Security number or tax identification number of the true owner of the farm product and all information obtained from the master or limited list may not be used for purposes that are not related to: (1) purchase of a farm product; (2) taking a security interest against a farm product; or (3) perfecting a farm product statutory lien.
History:
1992 c 525 s 15; 2010 c 333 art 1 s 25; 2013 c 110 s 11
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336A — Farm Product Liens And Financing Statements › Section 336A.15 — Buyers Taking Free Of And Subject To Farm Products Statutory Liens.

336A.15 BUYERS TAKING FREE OF AND SUBJECT TO FARM PRODUCTS STATUTORY LIENS.
Subdivision 1.
Taking free of lien.
Except as provided in subdivision 2, and notwithstanding other law or rule to the contrary, a buyer in the ordinary course of business who buys farm products from a seller engaged in farming operations takes free of a farm products statutory lien applicable to the purchased farm products even though the farm products statutory lien is perfected and the buyer knows the lien exists.
Subd. 2.
Taking subject to lien.
A buyer in the ordinary course of business of farm products takes subject to a farm products statutory lien applicable to the purchased farm products if the lienholder has perfected the farm products statutory lien and:
(1) the buyer has failed to register with the secretary of state as provided in section 336A.11; or
(2) the buyer has registered with the secretary of state as provided in section 336A.11, the buyer receives a notice from the secretary of state specifying that the seller and the farm products being sold are subject to a lien notice, and the buyer fails to secure a waiver or release of the farm products statutory lien specified in the lien notice by making a payment, satisfying an obligation, or otherwise.
History:
1992 c 525 s 16
2023 Minnesota Statutes › Chapters 324 - 342 — Trade Regulations, Consumer Protection › Chapter 336A — Farm Product Liens And Financing Statements › Section 336A.16 — Commission Merchants And Selling Agents Subject To Farm Products Statutory Lien.

336A.16 COMMISSION MERCHANTS AND SELLING AGENTS SUBJECT TO FARM PRODUCTS STATUTORY LIEN.
Subdivision 1.
Selling not subject to lien.
Except as provided in subdivision 2, and notwithstanding other law or rule to the contrary, a commission merchant or selling agent who sells farm products for others is not subject to a farm products statutory lien even though the farm products statutory lien is perfected and the commission merchant or selling agent knows the lien exists.
Subd. 2.
Selling subject to lien.
A commission merchant or selling agent selling farm products for another person is subject to a farm product statutory lien applicable to the purchased farm products if the lienholder has perfected the farm products statutory lien and:
(1) the commission merchant or selling agent has failed to register with the secretary of state as provided in section 336A.11; or
(2) the commission merchant or selling agent has registered with the secretary of state as provided in section 336A.11, the commission merchant or selling agent receives a notice from the secretary of state specifying that the seller and the farm products being sold are subject to a lien notice, and the commission merchant or selling agent fails to secure a waiver or release of the farm products statutory lien specified in the lien notice by making a payment, satisfying an obligation, or otherwise.
History:
1992 c 525 s 17