17-4626.Recordation of mortgages, effect thereof.
Any mortgage, deed or trust or other instrument executed by a
cooperative doing business in this state pursuant to this act, which
affects real and personal property and which is recorded in the real
property records in any county in which such property is located or is to
be located, shall have the same force and effect as if the mortgage, deed
of trust or other instrument were also recorded, filed or indexed as
provided by law in the proper office in such county as a mortgage of
personal property. All after-acquired property of such cooperative
described or referred to as being mortgaged or pledged in any such
mortgage, deed of trust or other instrument, shall become subject to the
lien thereof immediately upon the acquisition of such property by such
cooperative, whether or not such property was in existence at the time of
the execution of such mortgage, deed or trust or other instrument.
Recordation of any such mortgage, deed of trust or other instrument
shall constitute notice and otherwise have the same effect with respect to
such after-acquired property as it has under the laws relating to
recordation, with respect to property owned by such cooperative at the
time of the execution of such mortgage, deed of trust or other instrument
and therein described or referred to as being mortgaged or pledged thereby.
The lien upon personal property of any such mortgage, deed of trust or
other instrument shall, after recordation thereof, continue in existence
and of record for the period of time specified therein without the refiling
thereof or the filing of any renewal certificate, affidavit or other
supplemental information required by the laws relating to the renewal,
maintenance or extension of liens upon personal property.
17-4626.Recordation of mortgages, effect thereof.
Any mortgage, deed or trust or other instrument executed by a
cooperative doing business in this state pursuant to this act, which
affects real and personal property and which is recorded in the real
property records in any county in which such property is located or is to
be located, shall have the same force and effect as if the mortgage, deed
of trust or other instrument were also recorded, filed or indexed as
provided by law in the proper office in such county as a mortgage of
personal property. All after-acquired property of such cooperative
described or referred to as being mortgaged or pledged in any such
mortgage, deed of trust or other instrument, shall become subject to the
lien thereof immediately upon the acquisition of such property by such
cooperative, whether or not such property was in existence at the time of
the execution of such mortgage, deed or trust or other instrument.
Recordation of any such mortgage, deed of trust or other instrument
shall constitute notice and otherwise have the same effect with respect to
such after-acquired property as it has under the laws relating to
recordation, with respect to property owned by such cooperative at the
time of the execution of such mortgage, deed of trust or other instrument
and therein described or referred to as being mortgaged or pledged thereby.
The lien upon personal property of any such mortgage, deed of trust or
other instrument shall, after recordation thereof, continue in existence
and of record for the period of time specified therein without the refiling
thereof or the filing of any renewal certificate, affidavit or other
supplemental information required by the laws relating to the renewal,
maintenance or extension of liens upon personal property.
17-4626.Recordation of mortgages, effect thereof.
Any mortgage, deed or trust or other instrument executed by a
cooperative doing business in this state pursuant to this act, which
affects real and personal property and which is recorded in the real
property records in any county in which such property is located or is to
be located, shall have the same force and effect as if the mortgage, deed
of trust or other instrument were also recorded, filed or indexed as
provided by law in the proper office in such county as a mortgage of
personal property. All after-acquired property of such cooperative
described or referred to as being mortgaged or pledged in any such
mortgage, deed of trust or other instrument, shall become subject to the
lien thereof immediately upon the acquisition of such property by such
cooperative, whether or not such property was in existence at the time of
the execution of such mortgage, deed or trust or other instrument.
Recordation of any such mortgage, deed of trust or other instrument
shall constitute notice and otherwise have the same effect with respect to
such after-acquired property as it has under the laws relating to
recordation, with respect to property owned by such cooperative at the
time of the execution of such mortgage, deed of trust or other instrument
and therein described or referred to as being mortgaged or pledged thereby.
The lien upon personal property of any such mortgage, deed of trust or
other instrument shall, after recordation thereof, continue in existence
and of record for the period of time specified therein without the refiling
thereof or the filing of any renewal certificate, affidavit or other
supplemental information required by the laws relating to the renewal,
maintenance or extension of liens upon personal property.