Legislation
SECTION 9-527
Duty to Report
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 9, PART 5, SUBPART 2
Section 9--527. Duty to Report.
The secretary of state shall report to the governor, the temporary
president of the senate and the speaker of the assembly on the first day
of July, two thousand two, on the first day of July, two thousand three
and biennially on the first day of July thereafter, on the operation of
the filing office. In addition to a statement on the operation of the
filing office, the report shall contain a statement of the extent to
which:
(a) the filing office rules are not in harmony with the rules of the
filing offices in other jurisdictions that enact substantially this part
and the reasons for such variation; and
(b) the filing office rules are not in harmony with the most recent
version of the Model Rules promulgated by the International Association
of Corporate Administrators, or any successor organization, and the
reasons for these variations.
The secretary of state shall report to the governor, the temporary
president of the senate and the speaker of the assembly on the first day
of July, two thousand two, on the first day of July, two thousand three
and biennially on the first day of July thereafter, on the operation of
the filing office. In addition to a statement on the operation of the
filing office, the report shall contain a statement of the extent to
which:
(a) the filing office rules are not in harmony with the rules of the
filing offices in other jurisdictions that enact substantially this part
and the reasons for such variation; and
(b) the filing office rules are not in harmony with the most recent
version of the Model Rules promulgated by the International Association
of Corporate Administrators, or any successor organization, and the
reasons for these variations.