Michigan Administrative Code (Last Updated: November 16, 2016) |
Department ST. State |
Office of Customer Services |
Chapter Uniform Commercial Code Filing Office Rules |
Part 4. FILING AND DATA ENTRY PROCEDURES |
Section 440.416. Notice of bankruptcy.
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The filing officer shall take no action upon receipt of a notification, formal or informal, of a bankruptcy proceeding involving a debtor named in the UCC information management system. Financing statements lapse in the UCC information management system as scheduled unless properly continued.
History: 2002 MR 21, Eff. Nov. 20, 2002.