9-522 - Maintenance and Destruction of Records

Section 9--522. Maintenance and Destruction of Records.    (a) 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 9--515 with respect to all  secured parties of record. The record must be retrievable by  using  the  name of the debtor and:         (1) if  the  record  was  filed in the filing office described in             Section 9--501(a)(1), by using:             (A) the  file  number  assigned  to  the  initial   financing                 statement  to  which  the record relates and the date and                 time that the record was filed; and             (B) in  the  case  of  collateral  which  is  a   cooperative                 interest,  the  real  property tax designation associated                 with the real property in which the cooperative  unit  is                 located  as  assigned  by  the  local  real  property tax                 assessing authority; or         (2) if the record was filed in the  filing  office  described  in             Section  9--501(a)(2),  by  using the file number assigned to             the initial financing statement to which the record relates.    (b) 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 (a).