1999 Minnesota Code
Chapters 324 - 338 Trade Regulations, Consumer Protection
Chapter 336 Uniform Commercial Code
Section 336.9-413 Uniform Commercial Code account.
336.9-413 Uniform Commercial Code account.
(a) The Uniform Commercial Code account is established as an account in the state treasury.
(b) The filing officer with whom a financing statement, amendment, assignment, statement of release, or continuation statement is filed, or to whom a request for search is made, shall collect the filing fee and forward $5 of that fee as a surcharge on each filing or search. Surcharge amounts shall be collected quarterly by the secretary of state from each county recorder. The secretary of state shall send each county recorder an invoice at the end of each fiscal quarter and each county recorder shall forward payment to the secretary of state within 30 days of the date of the invoice. The surcharge does not apply to a search request made by a natural person who is the subject of the data to be searched except when a certificate is requested as a part of the search.
(c) The surcharge amounts received from county recorders and the surcharge amounts collected by the secretary of state's office must be deposited in the state treasury and credited to the general fund.
(d) Fees that are not expressly set by statute but are charged by the secretary of state to offset the costs of providing a service under sections 336.9-411 to 336.9-413 must be deposited in the state treasury and credited to the Uniform Commercial Code account.
(e) Fees that are not expressly set by statute but are charged by the secretary of state to offset the costs of providing information contained in the computerized records maintained by the secretary of state must be deposited in the state treasury and credited to the Uniform Commercial Code account.
(f) Money in the Uniform Commercial Code account is continuously appropriated to the secretary of state to implement and maintain the computerized Uniform Commercial Code filing system under section 336.9-411 and to provide electronic-view-only access to other computerized records maintained by the secretary of state.
HIST: 1987 c 356 s 4; 1988 c 589 s 3; 1989 c 335 art 1 s 219; art 4 s 81; 1991 c 233 s 99; 1992 c 525 s 1; 1993 c 369 s 123; 1994 c 438 s 13
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