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Article 9 (view source)

Revision as of 19:58, May 25, 2007

662 bytes added ,  19:58, May 25, 2007
New page: Article 9 is the provision of the UCC that governs secured transactions, including consignments. An electronic UCC financing statement is filed to protect the secured party's legal in...
Article 9 is the provision of the [[UCC]] that governs secured transactions, including consignments.

An electronic UCC financing statement is filed to protect the secured party's legal interests. In many states, this form is available online.<ref>[http://appsext8.dos.state.ny.us/pls/ucc_public/web_search.main_frame New York UCC electronic filing website]</ref> Before filing a UCC financing statement, it is necessary to confirm the legal status of a corporate debtor and to use its precise legal name.<ref>[http://www.dos.state.ny.us/corp/corpwww.html New York website for confirming the legal status of corporations]</ref>

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