Rules & Regulations of the State of Tennessee
Title 1360 - Department of State
Subtitle 1360-08 - Uniform Commercial Code
Chapter 1360-08-03 - Uniform Commercial Code UCC Information Management System
Section 1360-08-03-.12 - PROCEDURE UPON LAPSE

Universal Citation: TN Comp Rules and Regs 1360-08-03-.12
Current through September 24, 2024

If there is no timely filing of a continuation statement with respect to a financing statement, the financing statement shall lapse on its lapse date, but no action shall then be taken by the filing office. On the first anniversary of such lapse date, the information management system shall render or cause to be rendered the financing statement inactive, and the financing statement will no longer be made available to a searcher, unless inactive statements are requested by the searcher and the financing statement is still retrievable by the information management system.

Authority: T.C.A. §§ 4-5-202, 4-5-204, 47-9-515, 47-9-522(a), and 47-9-526 and 2012 Tenn. Pub. Acts Ch. 708.

Disclaimer: These regulations may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.