Report

Uniform Commercial Code Article 9 Update

 
In this report you will learn about:
• Proper collateral descriptions in security agreements and UCC-1s
• Update on collateral descriptions in security agreements and UCC-1s
• Places to file your UCC-1s driven by debtor location and not by collateral location
• Exceptions to debtor location filing
• Where the debtor is
• Update on filing of UCC financing statements
• Update regarding debtor’s name change
• Electronic signatures are okay on security agreements and no signatures are needed on UCC financing statements
• No signature UCC-1
• Update on security agreement signatures

Agenda

Faculty

John S. Foster

John S. Foster

Zimney Foster P.C.

  • Director, shareholder and president emeritus of the law firm of Zimney Foster P.C.
  • Practice is devoted to banking law, commercial transactions and creditors’ rights in bankruptcy
  • Adjunct faculty member of the University of North Dakota School of Law
  • Lectured on Uniform Commercial Code, bankruptcy and creditors’ rights issues for lawyers’ and bankers’ associations
  • Listed in The Best Lawyers in America and Chambers USA: America's Leading Lawyers for Business
  • Wrote four commercial practice law school textbooks and numerous seminar texts
  • J.D. degree, with distinction, University of North Dakota School of Law; B.A. degree, cum laude, University of Wisconsin
  • Can be contacted at [email protected]

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