Minnesota Administrative Rules

8280.0220 ASSIGNMENT OF POWERS OF SECURED PARTY.

Subpart 1.

Status of parties.

An assignment has no effect on the status of the parties to the financing statement, except that each assignee named in the assignment becomes a secured party.

Subp. 2.

Status of financing statement.

An assignment has no effect on the status of the financing statement.

Statutory Authority:

L 2000 c 399 art 1 s 139

History:

26 SR 5

Published Electronically:

November 14, 2003