1999 Minnesota Code
Chapters 324 - 338 Trade Regulations, Consumer Protection
Chapter 336 Uniform Commercial Code
Section 336.9-508 Recording proceedings of sale of collateral.

336.9-508 Recording proceedings of sale of collateral.

Any secured party desiring to perpetuate the evidence of any sale made under the terms of any security agreement may within ten days after such a sale file in the appropriate office for the filing of a financing statement covering the goods sold a report of the proceedings of the sale, specifying the property sold and that returned, if any, the amount received, the name of the purchaser, an itemized statement of all costs and expenses, the amount applied on the obligation secured, and the amount, if any, returned to the debtor. The report shall be made by the person conducting the sale and verified or, if the person conducting the sale be an officer, certified by that person. An affidavit or officer's certificate of the service or posting of notice of the sale, executed by the person who served or posted the notice of sale, may be filed with the report of the proceedings of the sale. When such a report, affidavit, or certificate has been filed, it is prima facie evidence of the facts therein stated.

HIST: 1965 c 811 s 336.9-508; 1986 c 444