§ 25-9-522. Maintenance and destruction of records. - North Carolina Statutes

§25‑9‑522.  Maintenance and destruction of records.

(a)        Post‑lapsemaintenance and retrieval of information. – The filing office shall maintain arecord of the information provided in a filed financing statement for at leastone year after the effectiveness of the financing statement has lapsed underG.S. 25‑9‑515 with respect to all secured parties of record. Therecord must be retrievable by using the name of the debtor and by using thefile number assigned to the initial financing statement to which the recordrelates.

(b)        Destruction ofwritten records. – Except to the extent that a statute governing disposition ofpublic records provides otherwise, the filing office immediately may destroyany written record evidencing a financing statement. However, if the filingoffice destroys a written record, it shall maintain another record of thefinancing statement which complies with subsection (a) of this section. (1866‑7,c. 1, s. 1; 1872‑3, c. 133, s. 1; Code, s. 1799; 1893, c. 9; Rev., s.2052; C.S., s. 2480; 1925, c. 302, s. 1; 1927, c. 22; 1935, c. 205; 1945, c.182, ss. 2, 4; c. 196, s. 2; 1955, c. 386, ss. 1, 2; c. 816; 1957, cc. 564,999; 1961, c. 574; 1965, c. 700, s. 1; 1967, c. 562, s. 1; 1969, c. 1115, s. 1;1971, c. 1170; 1973, c. 1316, s. 1; 1975, c. 862, s. 7; 1977, cc. 156, 295;1983, c. 713, s. 23; 1987, c. 792, s. 6; 1989, c. 523, s. 4; 1991, c. 164, s.1; 1997‑456, s. 55.3; 1997‑475, s. 5.4; 2000‑169, s. 1.)