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Senate Bill 0234


Senate Bill 0234

ARCHIVE (2013)

Latest Information

 

DIGEST OF INTRODUCED BILL


Secretary of state filings and recordings. Provides that the secretary of state may refuse to accept certain filings or recordings. Provides that if a secured party or remitter demonstrates that the secretary of state should accept a filing or recording that was rejected, the filing officer will file a notice of correction that states the effective date and time of the filing. Provides that the secretary of state does not have a duty to inspect, evaluate, or investigate a document that is presented for filing or recording. Provides that certain individuals may file a motion for judicial review of a financing statement to determine if the document is fraudulent. Allows a court to order certain actions if a financing statement is fraudulent.
    Current Status:
     In Committee - first House
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