Sec. 33-238. Recordation of mortgages; effect thereof.
Sec. 33-238. Recordation of mortgages; effect thereof. Any mortgage, deed of
trust or other instrument executed by a cooperative doing business in this state pursuant
to this chapter, which affects real and personal property and which is recorded in the
real property records in any town in which such property is located or is to be located,
shall have the same force and effect as if the mortgage, deed of trust or other instrument
were also recorded, filed or indexed as provided by law in the proper office in such town
as a mortgage of personal property. All after-acquired property of such cooperative
described or referred to as being mortgaged or pledged in any such mortgage, deed of
trust or other instrument shall become subject to the lien thereof immediately upon the
acquisition of such property by such cooperative, whether or not such property was in
existence at the time of the execution of such mortgage, deed of trust or other instrument.
Recordation of any such mortgage, deed of trust or other instrument shall constitute
notice and otherwise have the same effect with respect to such after-acquired property
as it has under the laws relating to recordation, with respect to property owned by such
cooperative at the time of the execution of such mortgage, deed of trust or other instrument and therein described or referred to as being mortgaged or pledged thereby. The
lien upon personal property of any such mortgage, deed of trust or other instrument
shall, after recordation thereof, continue in existence and of record for the period of
time specified therein without the refiling thereof or the filing of any renewal certificate,
affidavit or other supplemental information required by the laws relating to the renewal,
maintenance or extension of liens upon personal property.
(1949 Rev., S. 5346.)