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 …
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 …
Specify Collateral by Type Using UCC Article 9 Definitions
Article 9 of the Uniform Commercial Code requires that a financing statement, to be effective, must indicate the collateral that it covers.
Multiple Secured Parties: Risks
Complications with Multiple Secured Parties: Part 3 – Risks Again, most people do not appreciate the potential complications involved when a search reveals multiple secured parties on a single financing …
Multiple Secured Parties: Amendments
Complications with Multiple Secured Parties: Part 2 – Amendments Most people do not appreciate the potential complications involved when a search reveals multiple secured parties on a single financing statement. …
Multiple Secured Parties: Terminations
Complications with Multiple Secured Parties: Part 1 – Terminations Most people do not appreciate the potential complications involved when a search reveals multiple secured parties on a single financing statement. …