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 …