Jurisdictional Highlights_ April-May 2019

Jurisdictional Highlights: April-May 2019

Jurisdictional Highlights from April & May 2019. Delaware House Bill 43: signed on April 9, 2019. The bill eliminates the requirement under several provisions of Title 24 that applicants for professional licenses as well as adult entertainment establishments submit notarized applications.

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UCC Origination: Part II

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 …

UCC statue

UCC Origination: Part I

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 …

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Debtor’s Name Change? What To Do

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 …