Due Diligence Checklist 2018
Q4 is quickly coming to an end! Review the end-of-year checklist to ensure all proper corporate due diligence obligations are handled:
UCCs: Thought You Had The Right Name?
Back in 2013, recent amendments to Article 9 took effect. One of the amendments provides that a driver’s license is the best source for determining the legal name of an …
Benefits of Having a Registered Agent
Having a Registered Agent ensures lawsuits and legal documents will be delivered privately. There won’t be any law enforcement officers showing up at your place of business which could potentially …
Flagging Unauthorized Termination Statements with Information Statements
Say you are a secured party with a filed financing statement. For whatever reason, you obtain a search report for filings naming your debtor. The report shows your unlapsed financing …
The Real Deal with Apostilles
An apostille is a formal certification by a competent authority of the authenticity of the origin of a qualifying document. An apostille facilitates the acceptance of the qualifying document by a foreign authority.
Status of Financing Statements
“Lapsed” or “Unlapsed,” and Perhaps “Active” or “Inactive,” but not “Terminated.”
The UCC’s recordkeeping requirement for filing offices (e.g., state Secretaries of State) is that the filing office must maintain records until at least one year after a financing statement would lapse.