This bill aims to modernize and correct provisions governing business services in Minnesota by amending several sections of the Minnesota Statutes and repealing one subdivision. Key amendments include changes to the procedures for handling rejected or dishonored payment orders related to business filings, allowing the Secretary of State to terminate a business entity's status if payments are not honored. Additionally, the bill introduces new provisions for the compilation and distribution of effective financing statements and statutory liens, ensuring that information is organized and accessible in a more efficient manner.

The bill also includes a revisor instruction to change the term "master list" to "complete list" throughout Chapter 336A, and it repeals a subdivision concerning the termination of direct access to databases for customers who fail to pay direct access charges. The effective date for these changes is contingent upon certification from the Secretary of State that the United States Department of Agriculture has approved the 2025 Minnesota central notification system proposal.

Statutes affected:
Introduction: 5.23, 268.058, 336A.08, 336A.09, 336A.13