The Minnesota UCC1 Financing Statement (National) is a form that is used to perfect a security interest in a debtor's personal property. The form is used to give notice to potential creditors of the security interest and to give notice of the secured party's interest in the collateral. It is important to note that the Minnesota UCC1 Financing Statement (National) does not create the security interest; it merely perfects it. The form must be filed with the Minnesota Secretary of State and is effective for a period of five years. There are two types of Minnesota UCC1 Financing Statement (National): Short Form and Long Form. The Short Form is used when the debtor is an individual or a single entity. The Long Form is used when the debtor is a trust, estate, or a multiple entity. Both forms must provide the name and address of the debtor, the secured party, and the collateral being secured.