Statutory Lien Notice {CNS-1}

CNS-1 - EFFECTIVE FINANCING STATEMENT (EFS)/STATUTORY LIEN NOTICE. This form is used to file security interests in farm products under Minnesota Statutes Chapter 336A. This form serves two primary purposes: first, it is used by a secured party to establish a security interest in a debtor's farm products, ensuring that the secured party's claim is recognized under Minnesota law. This filing helps protect lenders, such as banks or other financial institutions, by securing their interest in agricultural products as collateral. Second, the form can also be used for statutory lien filings, which are filed by lienholders like veterinarians, crop sprayers, or landlords to protect their rights to payment for services or materials rendered. A statutory lien is typically used when a service provider wants to ensure that they are paid for work done related to farm products. This form collects key information, including debtor names, addresses, secured party details, and descriptions of the farm products involved, along with conditions for the release of the lien. www.FormsWorkflow.com