17-4672.   Recordation of instruments,effect.Any mortgage, deed or trust or other instrument executed by acooperative doing business in this state pursuant to the renewable energyelectric generation cooperative act, which affects real and personal propertyand which is recorded in the real property records in any county in which suchproperty is located or is to be located, shall have the same force and effectas if the mortgage, deed of trust or other instrument were also recorded, filedor indexed as provided by law in the proper office in such county as a mortgageof personal property. All after-acquired property of such cooperative describedor referred to as being mortgaged or pledged in any such mortgage, deed oftrust or other instrument, shall become subject to the lien thereof immediatelyupon the acquisition of such property by such cooperative, whether or not suchproperty was in existence at the time of the execution of such mortgage, deedor trust or other instrument. Recordation of any such mortgage, deed of trustor other instrument shall constitute notice and otherwise have the same effectwith respect to such after-acquired property as it has under the laws relatingto recordation, with respect to property owned by such cooperative at the timeof the execution of such mortgage, deed of trust or other instrument andtherein described or referred to as being mortgaged or pledged thereby. Thelien upon personal property of any such mortgage, deed of trust or otherinstrument, after recordation thereof, shall continue in existence and ofrecord for the period of time specified therein without the refiling thereof orthe filing of any renewal certificate, affidavit or other supplementalinformation required by the laws relating to the renewal, maintenance orextension of liens upon personal property.

      History:   L. 2003, ch. 81, § 22; July 1.