409.522

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409.522 Maintenance and destruction of records.

409.522(1)

(1) Postlapse maintenance and retrieval of information. The filing office shall maintain a record of the information provided in a filed financing statement for at least one year after the effectiveness of the financing statement has lapsed under § 409.515 with respect to all secured parties of record. The record must be retrievable by using the name of the debtor and:

409.522(1)(a)

(a) If the record was filed or recorded in the filing office described in § 409.501 (1)(a), by using the file number assigned to the initial financing statement to which the record relates and the date on which the record was filed or recorded; or

409.522(1)(b)

(b) If the record was filed in the filing office described in § 409.501 (1)(b), by using the file number assigned to the initial financing statement to which the record relates.

409.522(2)

(2) Destruction of written records. Except to the extent that a statute governing disposition of public records provides otherwise, the filing office may destroy immediately any written record evidencing a financing statement. However, if the filing office destroys a written record, it shall maintain another record of the financing statement which complies with sub. (1).