CONTINUATION STATEMENT.

336A.06 CONTINUATION STATEMENT. § Subdivision 1.Filing period. A secured party may file a continuation statement for an effective financing statement within six months before a five-year effective period expires. § Subd. 2.Contents. A continuation statement must: (1) be signed, authorized, or otherwise authenticated by the secured party and the debtor; (2) identify the original effective financing statement by file number; and (3) state that the original effective financing statement is still effective. § Subd. 3.Effective period. If a continuation statement is filed within six months before a five-year effective period expires, the effectiveness of the original effective financing statement continues for an additional five years after the original five-year effective period. Additional continuation statements filed within six months before an effective period expires continue the effectiveness of the original effective financing statement for additional five-year periods. § Subd. 4.Filing. The continuation statement must be filed in the computerized filing system of the Office of the Secretary of State. History: 1992 c 525 s 7; 2004 c 191 s 7