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A UCC-1 financing statement (an abbreviation for Uniform Commercial Code-1) is a United States legal form that a creditor files to give notice that it has or may have an interest in the personal property of a debtor (a person who owes a debt to the creditor as typically specified in the agreement creating the debt).
The official 2007 edition of the UCC. The Uniform Commercial Code (UCC), first published in 1952, is one of a number of uniform acts that have been established as law with the goal of harmonizing the laws of sales and other commercial transactions across the United States through UCC adoption by all 50 states, the District of Columbia, and the Territories of the United States.
The following table identifies which articles in the UCC each U.S. jurisdiction has currently adopted. However, it does not make any distinctions for the various official revisions to the UCC, the selection of official alternative language offered in the UCC, or unofficial changes made to the UCC by some jurisdictions.
Article 9 of the Uniform Commercial Code (UCC), as adopted by all fifty states, generally governs secured transactions where security interests are taken in personal property. [1] 1 It regulates creation and enforcement of security interests in movable property, intangible property, and fixtures.
Personal property is generally anything that is not real property.This coverage includes movable collateral, such as equipment or inventory; intellectual property, including patents and trademarks and copyrightable matters (but not copyrighted matters which are excluded from the UCC); software and software embedded in goods; general intangibles like contract rights; payment intangibles; and ...
Three years ago, when a small group of college executives chose college football’s 12-team expanded playoff format, they left plenty of other proposals on the cutting-room floor.. Those include ...
Accountants distinguish personal property from real property because personal property can be depreciated faster than improvements (while land is not depreciable at all). It is an owner's right to get tax benefits for chattel, and there are businesses that specialize in appraising personal property, or chattel.
Personal care services: Help with personal hygiene, which is standard in an assisted living facility, can reduce the stress of a disability. This can be especially important for those who live alone.