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-.13 - REMOVAL OF RECORD

Universal Citation: TN Comp Rules and Regs 1360-08-03-.13
Current through September 24, 2024

A financing statement must remain as an active record until one year after it lapses, or if it is indicated to be filed against a transmitting utility, until at least one year after it is terminated with respect to all secured parties of record. On or after the first anniversary of such lapse or termination date, the filing office or the UCC information management system may remove the financing statement and all related UCC records from the searchable indexes or from the UCC information management system, and upon such removal, the removed UCC records shall cease to be active records.

Authority: T.C.A. §§ 4-5-202, 4-5-204, 47-9-519, 47-9-522, and 47-9-526 and 2012 Tenn. Pub. Acts Ch. 708.

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