Section 440.301. Primary data elements.

    (1)   The   primary    data    elements     used    in     the     UCC information management system are the following:

(a)   Identification number, as follows:

(i)   Each initial financing statement is identified  by its   file   number as described in R 440.102(1)(d).

(ii)   A financing statement other  than  an  initial    financing    statement is identified by a unique identification  number assigned  by the  filing officer.

(b)   Type of financing statement.

(c)   Filing date and time of financing statements.

(d)  The names and addresses of debtors and secured parties.

(e)   ) Status of each financing statement as active or inactive.

(f)  The total number of pages in a financing statement.

(g)   A lapse indicator that identifies when  a financing   statement   will lapse.

The lapse date of  an initial  financing statement is determined as provided in R

440.404 based upon its filing date.

(2)   A record is created and maintained in the UCC information management system for each initial financing statement.

(3)     A  record  is  created  and  maintained   in    the  UCC  information  management system  for  each  financing statement  other  than  an  initial

financing statement and is linked  to  the record of its related initial financing statement.

(4)   The records created and maintained in the UCC information management system for each initial financing statement and  all  financing statements relating to it are permanently associated with one another.

History: 2002 MR 21, Eff. Nov. 20, 2002.