Chapter 336A — Specification of Farm Products

Minnesota Statutes Chapter 336A — Specification of Farm Products

336A.01 Definitions This section defines key terms used in the farm products central filing system law. It explains what counts as a farm … 336A.02 Specification of Farm Products This section requires the Secretary of State to create and maintain a computerized central filing system for farm … 336A.03 Contents of Financing Statement or Lien Notice This section covers the fees for using the central filing system. It lists the amounts charged for filing, searching, … 336A.031 This section sets rules for filing effective financing statements (EFS) in the farm products central filing system. It … 336A.04 Filing Effective Financing Statement or Lien Notice This section explains how the central filing system notifies buyers, commission merchants, and selling agents about … 336A.05 Effect of Filing on Perfection and Priority This section explains what happens when a buyer purchases farm products subject to a security interest. Buyers who … 336A.06 Continuation Statement This section sets requirements for farm product statutory liens that are filed in the central system. It explains how … 336A.07 Termination Statements When a debt secured by a farm product is paid off and no further advances are owed, the lender must file a termination … 336A.08 Master List The Secretary of State compiles all farm product security interests and statutory lien notices into a searchable master … 336A.09 Inquiries Anyone can request a search of the farm products filing system to find out whether a specific farmer has any security … 336A.10 Immunity The state, the Secretary of State, counties, county recorders, and their employees are protected from legal liability … 336A.11 Registration of Farm Product Dealers Farm product dealers can register with the Secretary of State to receive monthly master lists of security interests and … 336A.12 Rules The Secretary of State has authority to make rules to carry out the farm products filing laws and must prescribe the … 336A.13 Receipt of Written Notice A farm product dealer is legally considered to have received written notice of a security interest or lien on the date … 336A.14 Restricted Use of Information Social Security numbers and tax ID numbers collected by the Secretary of State under the farm products filing system are … 336A.15 Buyers Taking Free of and Subject to Farm Products Statutory Liens A buyer who purchases farm products in the ordinary course of business is generally protected and takes the product free … 336A.16 Commission Merchants and Selling Agents Subject to Farm Products Statutory Lien Commission merchants and selling agents who sell farm products on behalf of farmers are generally not subject to farm …