UCC Article 9 Update on Searching and Filing | CLE Webinar | Strafford

 

ucc article 9 outline

Secured Transactions Attack Outline - Free download as PDF File .pdf), Text File .txt) or read online for free. Scribd is the world's largest social reading and publishing site. Search Search/5(21). Article 9 of the Uniform Commercial Code (UCC) contains hundreds of rules for how these types of loans and purchases are handled. Here we’ll look at just a few key terms and principles. Additional Nolo articles on secured transactions contain more winnetttbh.ml: David M. Steingold, Contributing Author. UCC (1)(a) provides that Article 9 applies to any deal (regardless of name or form) which is intended to create a security interest in personal property or fixtures. UCC (37) defines "security interest" as an interest in personal property or fixtures which secures payment or .


UCC Article 9 What is it? What Are its Challenges?


To login with Google, please enable popups. Sign up. To signup with Google, please enable popups. Sign up with Google or Facebook. To sign up you must be 13 or older, ucc article 9 outline. Terms of Use and Privacy Policy, ucc article 9 outline. Already have an account? Log in. Get started today! Secured Transactions Barbri Outlines. Edit a Copy. Study these flashcards. Kelley B. What is the source or secured transactions law? UCC Article 9. What does UCC Article 9 apply to, generally?

All kinds of contractual security interests in personal property and fixtures. Are outright sales of accounts considered security interests covered by Article 9? What are the three requirements that bring a consignment under the purview of Article 9? What parts of agricultural liens does Article 9 cover? Perfection and priority. What law governs the creation and enforcement of agricultural liens?

State statutes. Does the form of the security transaction agreement matter to the coverage of Article 9? No- if it walks and talks like a contractual security interest, Article 9 probable covers it. What 6 types of transactions are excepted from the purview of Article 9?

What are the three main types of financing under Article 9? What is a PMSI? Purchase Money Security Interest: a special type of security interest in goods that has priority over all other security interests in the same goods. What are the 2 situations giving rise to a PMSI? What is the Dual Status Rule? What are the three main types of collateral under Article 9? What are the four types of tangible collateral?

Do insurance claims and claims for damages on security interests count as "proceeds"? What is the name for the secured party's rights against the debtor? What are the three elements for attachment of a security interest? What are three ways that a security interest agreement can be evidenced?

Whose authentication is required for an authenticated security agreement? The debtor, ucc article 9 outline. How specific must the description of the collateral in the authenticated security agreement be? Sufficient so that the collateral is objectively determinable.

What three types of collateral cannot be sufficiently described by type alone? What are the 5 rights and duties of a secured party in possession of a security interest? How can a secured ucc article 9 outline maintaing control over a nonconsumer deposit account?

How can a secured party maintain control over electronic chattel paper? By possession the authoritative copy. How does a secured party maintain control over investment property? What are the 2 rights and duties of a secured party in control?

What duties does a secured party in control have when the outstanding obligation is finished and the debtor demands their rights? Secured party has 10 days to turn over the controlled interests to the debtor, in whatever way that is best accomplished possession, release of authority, etc. Is the value given required of a secured party the same as consdieration?

No, because a preexisting ucc article 9 outline can be valid value given. Is the value given requirement met when the secured party has yet to make good on their obligation? When does the security interest attach?

When is an after-acquired property clause ineffective? What is a floating lien? A security interest that covers items that are expected to be sold and replaced inventory.

If a secured party decides to advance further loans to the debtor, secured by the same property, must the secured party execute an additional agrmt?

What is the name for a secured party's rights against third parties? When does perfection occur? What are two examples of claims that be defeat a nonpossessory security interest despite perfection?

What are the 5 methods of perfection? FiT CAP. What must a financing statement contain? How are financing statements indexed? What effect does a financing statement have when a debtor changes his name? Is the address on a financing statement essential? Is the description of collateral requirement in a financing statement the same as ucc article 9 outline in an authenticated security agreement?

No- it can be supergeneric "all assets" or "all personal property", ucc article 9 outline. Must a financing statement be authorized? Yes, by the debtor- although the timing is not important. Where should a financing statement be filed? What is the exception to filing fixture liens locally? How long is a financing statement effective?

How long is a financing statement effective for utilities and mortgages ucc article 9 outline fixtures? Until mortgage ucc article 9 outline released or satisfied. How long is a financing statement effective for manufactured home and public finance transactions? When should the secured party file a continuation statment? Must a secured party terminate a financing statement? Only upon demand of debtor, when obligation has been discharged.

What is the special filing requirement for motor vehicles with issued titles? Security interest must be notate on the certificate of title issued by the state Article 9 filing is not required or effective. Do car dealers follow the special motor vehicle filing rules of the Article 9 rules?

The article 9 rules. DaNG CotE. When does perfection by possession become effective when the possession is that of a bailee rather than the secured party itself? When the bailee authenticates a record acknowledging that it is holding the collateral for the secured party's benefit.

What 5 situations give rise to automatic perfection? What are two limitations to the automatic perfection of a PMSI in consumer goods? In what 3 situations is a security interest in investment property automatically perfected? What are the 3 common cases of temporary perfection? What is the "same office rule" under article 9? Temporary perfection in proceeds continues if: 1 sec interest was perfected by filing, ucc article 9 outline. What is the cash proceeds rule?

Temporary perfection in proceeds continues if the proceeds are "identifiable cash proceeds". Popular Study Materials from Legal Studies corporations - barbri outlines legs study guide stan commercial paper barbri outlines conflict of laws barbri outlines conflict of laws barbri outlines consumer law barbri outlines admin law - barbri outlines agency barbri outlines wills bar bri outlines trusts barbri outlines family barbri outlines.

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Secured Transactions Attack Outline | Lien | Security Interest

 

ucc article 9 outline

 

Article 9 of the Uniform Commercial Code (UCC) contains hundreds of rules for how these types of loans and purchases are handled. Here we’ll look at just a few key terms and principles. Additional Nolo articles on secured transactions contain more winnetttbh.ml: David M. Steingold, Contributing Author. 1 SECURED TRANSACTIONS – CREATION, PERFECTION. AND PRIORITY UNDER UCC ARTICLE 9. Note: Portions of the outline that are particularly relevant to security interests in non - intermediated securities (i.e., “certificated securities”) appear in bold type.1) SCOPE OF UCC ARTICLE 9. a) Article 9 Transactions UCC Dec 21,  · Article 9, Secured Transactions, may be the most significant of the UCC’s eleven substantive articles. It provides the rules governing any transaction (other than a finance lease) that.