Sec.42a-9-4. Indexing procedures

(a) Identification numbers. Each initial financing statement is identified by its file number. A record is created in the UCC information management system for each initial financing statement.

(b) A UCC document is identified by a unique file number assigned by the filing office. In the UCC information management system, records of all UCC documents other than initial financing statements are linked to the record of their related initial financing statement.

(c) Identification of parties. The names and addresses of debtors and secured parties are transferred from UCC documents to the UCC information management system.

(d) The type of UCC document from which data is transferred is identified in the UCC information management system.

(e) Filing date and filing time. The filing date and filing time of UCC documents are stored in the UCC information management system. Calculation of the lapse date of an initial financing statement is based upon the filing date.

(f) Lapse indicator. An indicator is maintained by which the UCC information management system identifies whether or not a financing statement shall lapse and, if it does, when it shall lapse.

(g) Page count. The total number of pages in a UCC document is maintained in the UCC information management system.

(Adopted effective December 11, 2002)