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the Pennsylvania Consolidated Statutes
2012 Pennsylvania Consolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 95 - Filing
Section 9520 - Acceptance and refusal to accept record
§ 9520. Acceptance and refusal to accept record.
(a) Mandatory refusal to accept record.--A filing office
shall refuse to accept a record for filing for a reason set
forth in section 9516(b) (relating to refusal to accept record;
filing does not occur) and may refuse to accept a record for
filing only for a reason set forth in section 9516(b).
(b) Communication concerning refusal.--If a filing office
refuses to accept a record for filing, it shall communicate to
the person that presented the record the fact of and reason for
the refusal and the date and time the record would have been
filed had the filing office accepted it. The communication must
be made at the time and in the manner prescribed by filing-
office rule but, in the case of a filing office described in
section 9501(a)(2) (relating to filing offices), in no event
more than five business days after the filing office receives
the record.
(c) When filed financing statement effective.--A filed
financing statement satisfying section 9502(a) and (b) (relating
to contents of financing statement; record of mortgage as
financing statement; time of filing financing statement) is
effective even if the filing office is required to refuse to
accept it for filing under subsection (a). However, section 9338
(relating to priority of security interest or agricultural lien
perfected by filed financing statement providing certain
incorrect information) applies to a filed financing statement
providing information described in section 9516(b)(5) which is
incorrect at the time the financing statement is filed.
(d) Separate application to multiple debtors.--If a record
communicated to a filing office provides information which
relates to more than one debtor, this chapter applies as to each
debtor separately.
Cross References. Section 9520 is referred to in section 154
of Title 15 (Corporations and Unincorporated Associations).
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