CONTINUATION

Subpart 1. Term. On the timely filing of an amendment to continue a financing statement by any secured party of record, the active status of the financing statement must be extended for five years. Subp. 2. Status of parties. The filing of an amendment to continue a financing statement has no effect upon the status of any party to the financing statement. Subp. 3. Status of financing statement. On the filing of an amendment to continue a financing statement, the status of the financing statement remains active.