UCC Revised Article 9 Customer Filing Guide
December 2001 CONTENTS
Section
Things to Consider when Preparing a UCC filing What is this ……….….. UCC Filing Process……………….. UCC Farm Product Filings………. UCC Searches .…………………….. Other Important Notes ………….… Conclusion ………………………….
request document searches of UCC filings with the Secretary of State.
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2–4 4–5 5–6 6 6–7 7 7
This publication is not a technical or comprehensive manual on secured transactions under Revised Article 9 of the Uniform Commercial Code in Mississippi and is neither a replacement for applicable statutes nor a substitute for legal or other professional advice. This guide reflects RA9 UCC filing and search procedures effective January 1, 2002. This document will be updated as required. For the most up-to-date version, please visit the Secretary of State web site at (www.sos.state.ms.us) for an electronic copy of this document, as well as other information on RA9. WHAT'S NEW WITH THE PASSAGE OF RA9 v One filing office: Most UCC financing statements are filed centrally with the Secretary of State. However, real estate filings covering fixtures (with some exceptions), timber, and mineral interests are filed with the county Chancery Clerk in the county where the collateral is located. v Correction statement: A person who believes a financing statement is inaccurate or misfiled is permitted to file a "correction statement." This statement becomes linked to the initial financing statement and is reported in search results, but does not modify any information maintained by the Secretary of State. v Debtor name: Explicit requirements for identifying individual and organization debtors in financing statements have been adopted.
INTRODUCTION
The Mississippi Legislature enacted Revised Article 9 of the Uniform Commercial Code during the 2001 Regular Legislative Session (Senate Bill 2626). This legislation, effective on January 1, 2002, is based on the UCC Revised Article 9 (RA9) Model Act as drafted by the National Conference of Commissioners on Uniform State Laws (NCCUSL). Objectives of UCC RA9 are to promote uniformity, reduce costs, increase efficiency, and simplify the filing process. Revised Article 9 as adopted in Mississippi designates the Secretary of State's Office as the central filing office for most UCC documents. In addition to accepting and maintaining a database of financing statements, amendments, and correction statements, the Secretary of State provides information to concerned parties on filed documents. This publication is a guide to assist in the filing, maintaining, and reporting of UCC documents recorded with the Secretary of State under the provisions of RA9. It also explains how to

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