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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
The UCC lien protects lenders from authorizing additional loans that contain the same assets as collateral. It allows them to maintain their financial interests. UCCs are public record and proper
Where does a UCC originate from? Typically when a debtor (entity or individual) agrees to pledge assets to a secured party, usually a lender, for a loan or line of
A proper financing statement must provide the name of the debtor, and there are fairly strict requirements for the sufficiency of the debtor’s name. (See UCC§§ 9-502& 9-503.) If the
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
Article 9 of the Uniform Commercial Code requires that a financing statement, to be effective, must indicate the collateral that it covers.
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