Form CNS-1 Effective Financing Statement (Efs) / Statutory Lien Notice - Minnesota

What Is Form CNS-1?

This is a legal form that was released by the Minnesota Secretary of State - a government authority operating within Minnesota. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form CNS-1?
A: Form CNS-1 is the Effective Financing Statement (EFS)/Statutory Lien Notice used in Minnesota.

Q: What is the purpose of Form CNS-1?
A: The purpose of Form CNS-1 is to provide notice of a statutory lien or security interest on personal property in Minnesota.

Q: What is an Effective Financing Statement (EFS)?
A: An Effective Financing Statement (EFS) is a legal document that establishes a security interest in personal property.

Q: What is a Statutory Lien Notice?
A: A Statutory Lien Notice is a document that provides notice of a lien on certain types of personal property.

Q: Who uses Form CNS-1?
A: Form CNS-1 is used by individuals or organizations who want to establish a security interest or claim a lien on personal property in Minnesota.

Q: What information is required on Form CNS-1?
A: Form CNS-1 requires information such as the debtor's name and address, the secured party's name and address, and a description of the collateral.

Q: How long is Form CNS-1 valid?
A: Form CNS-1 is valid for five years from the date of filing, unless a continuation statement is filed to extend the validity period.

Q: Can Form CNS-1 be amended or terminated?
A: Yes, Form CNS-1 can be amended or terminated by filing the appropriate amendment or termination form with the Minnesota Secretary of State.