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Why allow a PMSI to disturb the relatively straightforward order-of- filing priority scheme? There are at least two reasons: Facilitating seller financing Limiting the power of existing secured parties. Sometimes
If a secured party has a perfected security interest in purchasemoney collateral, the secured party should be able to acquire purchasemoney priority – and take advantage of an exception to the general rules of priority – by satisfying the technical requirements of § 9-324.
Under UCC Article 9, the general rules for determining security interest priority are (1) that perfected security interests have priority over unperfected security interests, and (2) that perfected security interests
To improve access to the courts and to facilitate the electronic filing of court documents, a new Minnesota Statute became effective not long ago, stating that, unless specifically required by
Start by establishing a concentration baseline through peer analysis to know where you stand. Be sure to include acquisition development and construction loans as well if applicable.
When Filing: IACA Forms: The following PDF Forms are provided to assist with your UCC processing. UCC1 – Financing Statement UCC1Ad – Financing Statement Addendum UCC1AP – Financing Statement Additional
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