Recently, two federal courts issued decisions defining the detail needed in collateral descriptions in financing statements. This is significant because if the collateral description is not sufficient ...

In a previous blogpost, we explained the technical requirements for financing statements and the potential risks of failing to satisfy them, highlighting a case where ...

Proper attention to the unsexy “Uniform” Commercial Code financing statement may well be the single most consequential checklist item in a secured bond financing from the perspective of bondholder ...

Learn how a UCC-1 Financing Statement secures a creditor's interest in a borrower's personal property and outlines the order of priority in business loans.

Under the Uniform Commercial Code (UCC), a secured party can perfect its lien on certain of a debtor's assets by the filing of a UCC-1 financing statement. However, Section 9-509 of the UCC provides ...

Rudolph J. Di Massa Jr. On Jan. 21, in Official Committee of Unsecured Creditors of Motors Liquidation v. JPMorgan Chase Bank (In re Motors Liquidation), No. 13-2187, (2d Cir. Jan. 21, 2015), the U.S.

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UCC stands for Uniform Commercial Code. Uniform Commercial Code is a comprehensive set of model laws that concern commercial transactions in the United States. According to the UCC Filings definition, ...