Missouri Code of State Regulations
Title 15 - ELECTED OFFICIALS
Division 30 - Secretary of State
Chapter 90 - Uniform Commercial Code
Section 15 CSR 30-90.160 - Status of Parties upon Filing a Termination
Current through Register Vol. 49, No. 18, September 16, 2024
PURPOSE: This rule provides for the status of parties upon filing a termination.
(1) The filing of a termination shall not affect the status of any party to the financing statement.
(2) A termination shall not affect the status of the financing statement. The financing statement shall remain active in the information management system until one (1) year after it lapses. If the termination relates to a financing statement against a transmitting utility, the financing statement shall become inactive one (1) year after it is terminated with respect to all secured parties of record.
*Original authority: 400.9-526, RSMo 2001.