MN SF2729

Removes requirement to file certificate of liquidation with Secretary of State; filing with county recorder is now sufficient for financial institution liquidation to be complete.

Eliminates fee for lien renewal and transcription filings with Secretary of State, though $15 fee remains for county recorder filings.

Allows limited partnerships to reinstate following administrative dissolution by filing annual renewal, appointing registered agent, or both, with $25 reinstatement fee.

Changes limited partnership conversion process to file statement of termination with conversion description instead of canceling certificate of limited partnership.

Consolidates farm products security interest lists into single effective financing statement master list with multiple sort options; removes separate "master and partial master" list distinction and simplifies farm product dealer registration to 12-month rolling basis instead of calendar year basis.