Secured Transactions in a NutshellThe new version of UCC (Uniform Commercial Code) Article 9 on secured transactions is significantly different from the prior version. To date, 17 states have enacted the 1999 version. The text also contains extensive coverage of the prior version because the majority of states have not yet adopted the new one. Also provides an overview of the security agreement; relationship of parties prior to default; perfection of security interest; bankruptcy; and the enforcement of security interest. |
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Common terms and phrases
account debtor after-acquired property agricultural lien arising Article 9 assignment assignor Bank Bankruptcy Code buyer certificate of title certificated securities Chapter chattel mortgage chattel paper Code provisions collateral conditional sales consignment consignor consumer contract Dealer debt default deposit accounts discussion effective equipment eral Example file a financing filed financing statement filing officer financing statement covering fixture filing four months future advances governs instrument interest is perfected inventory investment property jurisdiction lease Lender letter of credit loan ment money security interest necessary Nutshell obligation payment intangibles perfected security interest permits personal property pledge pre-Code priority proceeds promissory notes purchase money security real estate received record repossession respect rity interest secu secured party secured transaction security agree security interest attaches sell seller setoff signature signed sion statutes term termination statement third person tion transfer UCC Article Uniform Commercial Code unperfected version of Article widgets written security agreement