70A-9a-522 - Maintenance and destruction of records.
70A-9a-522. Maintenance and destruction of records.
(1) The filing office shall maintain a record of the information provided in a filedfinancing statement for at least one year after the effectiveness of the financing statement haslapsed under Section 70A-9a-515 with respect to all secured parties of record. The record mustbe retrievable by using the name of the debtor and:
(a) if the record was filed or recorded in the filing office described in Subsection70A-9a-501(1)(a):
(i) by using the entry number assigned to the initial financing statement to which therecord relates and the book and page that the record was filed or recorded; or
(ii) by the legal description of the real property; or
(b) if the record was filed in the filing office described in Subsection 70A-9a-501(1)(b),by using the file number assigned to the initial financing statement to which the record relates.
(2) Except to the extent that a statute governing disposition of public records providesotherwise, the filing office immediately may destroy any written record evidencing a financingstatement. However, if the filing office destroys a written record, it shall maintain another recordof the financing statement which complies with Subsection (1).
Enacted by Chapter 252, 2000 General Session