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LB54 Statutory Lien Filing Changes

LB54 Statutory Lien Filing Changes. Effective July 1, 2001, LB54 Changes how “Statutory Liens” are filed with the Secretary of State, UCC Division. Agister’s Liens (§54-201) Feed Liens (§54-208) Artisan’s Lien (§52-202) Threshers Lien (§52-501) Fertilizer/Ag Chemical Lien (§52-1101).

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LB54 Statutory Lien Filing Changes

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  1. LB54 Statutory Lien Filing Changes

  2. Effective July 1, 2001, LB54 Changes how “Statutory Liens” are filed with the Secretary of State, UCC Division.

  3. Agister’s Liens (§54-201) Feed Liens (§54-208) Artisan’s Lien (§52-202) Threshers Lien (§52-501) Fertilizer/Ag Chemical Lien (§52-1101) Petroleum Lien (§52-901) Seed or Electrical Energy Lien (§52-1201) Veterinarian’s Lien (§52-701) Agricultural Production Input Lien (§52-1407) Statutory liens include:

  4. Why the Change • RA9 Uniform Commercial Code • 9-310 “A (UCC) financing statement must be filed to perfect all security interests and agricultural liens” • To avoid dual filing or changing the code LB 54 changed the filing requirements • Language was added to each statutory lien section: “A lien created under this section shall be perfected as provided in Article 9, UCC”

  5. How to File? • File the Statutory Lien as you would any UCC Filing with a UCC1 Filing Form • Attach the necessary statutory lien information • You may use the “universal” form included in the seminar materials for your attachment--except for agricultural production input (API) liens • Use the API form as the attachment for Ag. Input Liens • PLEASE type or Print Legibly

  6. LB54 “Universal” Attachment Form

  7. Fees • Standard UCC filing fee $6.00 • $.50 per page for any attachments • No fee for terminations

  8. Online Services With Nebrask@ Online • Must Have A Subscription Agreement With NOL • Must Sign an Online Filing Agreement • You will be billed Monthly for services

  9. Current Services • UCC Searches/EFS Searches • UCC Original Filings • UCC Continuations • Corporate Searches and letters of good standing

  10. Future Services • UCC Terminations (7/01/01) • Amendments • EFS Filings • UCC, EFS and Corporate Filing Images Online

  11. In the Immortal Words of Mr. Spock:“May You Live Long and Prosper”

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