1. Post-lapse maintenance and retrieval of information. 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 554.9515 with respect to all secured parties of record. The record must be retrievable by using the name of the debtor and:
a. if the record was filed or recorded in the filing office described in section 554.9501, subsection 1, paragraph "a", by using the file number assigned to the initial financing statement to which the record relates and the date and time that the record was filed or recorded; or
b. if the record was filed in the filing office described in section 554.9501, subsection 1, paragraph "b", by using the file number assigned to the initial financing statement to which the record relates.
2. Destruction of written records. 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.
2000 Acts, ch 1149, §93, 187
Referred to in § 554.9513, 554.9523
Effective July 1, 2001; 2000 Acts, ch 1149, §187; for law prior to July 1, 2001, see Code 2001
Previous Section 554.9521
Next Section 554.9523
© 2002 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Thu Jan 24 10:51:05 CST 2002
URL: /DOCS/IACODE/2001SUPPLEMENT/554/9522.html
jhf