Difference between revisions of "Article 9"
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'''Article 9''' is the provision of the [[Uniform Commercial Code]] (UCC) that governs secured transactions, including consignments. | '''Article 9''' is the provision of the [[Uniform Commercial Code]] (UCC) that governs secured transactions, including consignments. | ||
Latest revision as of 18:11, August 25, 2014
Article 9 is the provision of the Uniform Commercial Code (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.[1] 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.[2][3]