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Searching 2021-2022 Session

The Vermont Statutes Online

 

Title 9A : Uniform Commercial Code

Article 009 : Secured Transactions

(Cite as: 9A V.S.A. § 9-522)
  • § 9-522. Maintenance and destruction of records

    (a) The filing office shall maintain a record of the information provided in a filed financing statement for at least one year after the effectiveness of the financing statement has lapsed under section 9- 515 of this title with respect to all secured parties of record. The record must be retrievable by using the name of the debtor and:

    (1) if the record was recorded in the filing office described in subdivision 9- 501(a)(1) of this title, by using the file number assigned to the initial financing statement to which the record relates and the date that the record was recorded; or

    (2) if the record was filed in the filing office described in subdivision 9- 501(a)(2) of this title, by using the file number assigned to the initial financing statement to which the record relates.

    (b) Except to the extent that a statute governing disposition of public records provides otherwise, the filing office immediately may destroy any written record evidencing a financing statement. However, if the filing office destroys a written record, it shall maintain another record of the financing statement which complies with subsection (a) of this section. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)