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90-minute live streaming program
  • February 27
  • 1:00 - 2:30 pm EST

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Audio & Reference Manual

Effective UCC Search Strategies to Minimize Risk

February 27

Understand how to conduct thorough UCC searches for your next case.

Lenders and other creditors need to know where they stand if a debtor becomes bankrupt. Primarily, this is a function of whether they have a lien or security interest and if so, whether anyone else has a prior lien or security interest. Liens generally must be made public in some way, usually by a filing in a public office, in order to enjoy priority, so prospective lenders and creditors will want to search for those liens. Notwithstanding Article 9 of the Uniform Commercial Code, the law that governs most consensual security interests, lien searching remains an art. Issues remain regarding what name to search, where to search and how to deal with past transactions conducted by the debtor’s predecessors in interest or by the debtor under prior names or in prior locations. In addition, other liens not governed by Article 9 must be taken into account and those liens are not held to the same standards that affect searchability as Article 9 security interests. Searching is not a mechanical process and there is no procedure that guarantees comprehensive results in every case. In short, searchers need to understand their opportunities so they can balance their costs against their risks.

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Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview
Types of Searches
  • Real Estate
  • Uniform Commercial Code Security Interests
  • Intellectual Property – Patents, Trademarks and Copyrights
  • Domain Names
  • Aircraft, Rolling Stock and Vehicles
  • Other Matters
Who to Search
  • Who Is the Debtor?
  • Prior Owners
  • Parties to Prior Mergers and Conversions
  • Prior Names
Where to Search
  • Debtor Location
  • Prior Locations
  • Filing Office
  • Collateral Locations
  • Judicial Liens
Debtor Name
  • What Is the Debtor's Name?
  • Understanding Standard Search Logic
  • Effect of No Search Logic
  • Special Rules – Estates and Trusts
  • The Organization Name Issue
  • Names of Individuals
    • Uncertainty
    • Potential Statutory Safe Harbor
Other Search Issues
  • Special Rules for Tax and Other Statutory Liens
  • Interpreting Search Results
    • Are Amendments and Other Terminations Trustworthy?
    • Apparent Legal Flaws
    • Rogue Amendments and Bogus Filings
Conclusion – Client's Informed Consent
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Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on October 19, 2017.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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  • NALA 1.5
     
  • This seminar meets the requirements of the Certifying Board for Legal Assistants of the National Association of Legal Assistants, for continuing legal assistant education credit required to maintain the CP (Certified Paralegal) credential for (s) hours.
     
  • NFPA (Pending)
     
  • This program has been submitted to the National Federation of Paralegal Associations for 1.5 hours of NFPA continuing education credit. Approval pending.
     
  • IN Paralegals
     
  • This course may qualify for continuing legal education through the Indiana State Bar Association for paralegals.
     
  • NC Paralegals 1.5
     
  • This seminar has been approved by the North Carolina State Bar Board of Paralegal Certification for 1.5 hours of CPE credit.
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Who should attend?

This live webinar is designed for paralegals, legal assistants, associates and other legal professionals.

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Darrell W. Pierce

Darrell W. Pierce

Dykema Gossett PLLC

  • Member of Dykema Gossett PLLC in Ann Arbor, Michigan
  • Focuses on corporate and commercial transactions, particularly those governed by the Uniform Commercial Code
  • More than 30 years of experience in the practice of corporate and commercial law
  • Fellow of the American College of Commercial Finance Lawyers
  • Represents lenders and borrowers in commercial finance transactions
  • Served on the Article 9 Study Committee and the Article 9 Drafting Committee as the chair of the Article 9 Filing Project
  • Frequent lecturer on Uniform Commercial Code issues
  • J.D. degree, University of Michigan Law School; A.B. degree, Dartmouth College
  • Can be contacted at 734-214-7634 or [email protected]
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Product ID: 405534
Published 2017, 2019
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