30-9-542. (Effective July 1, 2001) Maintenance and destruction of records. (1) Subject to the requirements of Title 2, chapter 6, part 2, the filing office shall maintain a record of the information provided in a filed financing statement for at least 1 year after the effectiveness of the filed financing statement has lapsed under 30-9-535 with respect to all secured parties of record. The record must be retrievable by using the name of the debtor and:
     (a) if the record was filed or recorded in the filing office described in 30-9-521(1)(a), by using the file number assigned to the initial financing statement to which the record relates and the date and time that the record was filed or recorded; or
     (b) if the record was filed or recorded in the filing office described in 30-9-521(1)(b), by using the date and time file number assigned to the initial financing statement to which the record relates.
     (2) Except to the extent that a statute governing disposition of public records provides otherwise, the filing office may immediately destroy 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 that complies with subsection (1).

     History: En. Sec. 92, Ch. 305, L. 1999.