400.9-502. Contents of financing statement--record of mortgage as financing statement--time of filing financial statement. - Missouri Statutes

Contents of financing statement--record of mortgage as financingstatement--time of filing financial statement.

400.9-502. (a) Subject to subsection (b), a financing statement issufficient only if it:

(1) Provides the name of the debtor;

(2) Provides the name of the secured party or a representative of thesecured party; and

(3) Indicates the collateral covered by the financing statement.

(b) Except as otherwise provided in section 400.9-501(b), to besufficient, a financing statement that covers as-extracted collateral ortimber to be cut, or which is filed as a fixture filing and covers goodsthat are or are to become fixtures, must satisfy subsection (a) and also:

(1) Indicate that it covers this type of collateral;

(2) Indicate that it is to be filed for record in the real propertyrecords;

(3) Provide a description of the real property to which thecollateral is related sufficient to give constructive notice of a mortgageunder the law of this state if the description were contained in a recordof the mortgage of the real property; and

(4) If the debtor does not have an interest of record in the realproperty, provide the name of a record owner.

(c) A record of a mortgage is effective, from the date of recording,as a financing statement filed as a fixture filing or as a financingstatement covering as-extracted collateral or timber to be cut only if:

(1) The record indicates the goods or accounts that it covers;

(2) The goods are or are to become fixtures related to the realproperty described in the record or the collateral is related to the realproperty described in the record and is as-extracted collateral or timberto be cut;

(3) The record satisfies the requirements for a financing statementin this section other than an indication that it is to be filed in the realproperty records; and

(4) The record is duly recorded.

(d) A financing statement may be filed before a security agreement ismade or a security interest otherwise attaches.

(L. 1963 p. 503 § 9-502, A.L. 1988 S.B. 583, A.L. 2001 S.B. 288)

Effective 7-01-01