Learn how the Uniform Commercial Code (UCC) standardizes business transactions across U.S. states, focusing on key articles ...
In the context of secured transactions, the importance of a properly completed and filed UCC-1 financing statement (“UCC-1”) cannot be overstated. While a UCC-1 is often the simplest document in a ...
Andrew Bloomenthal has 20+ years of editorial experience as a financial journalist and as a financial services marketing writer. Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society ...
The article explains that UCC Commentary No. 31 clarifies that “proceeds” are determined by origin, not a separate collateral type. Commentary No. 32 states that a buyer must physically possess goods ...
The UCC‑1 form is a staple of any secured lending practice. In the wake of the 2022 proposed Uniform Commercial Code (UCC) amendments, which have been adopted in 24 jurisdictions, many jurisdictions ...