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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 most common method of perfection is through filing a financing statement (often referred to by its form number: UCC-1) in the appropriate state office (usually the office of the Secretary of State) in the U.S. state in which the debtor is located. See U.C.C. §§ 9-301, 9-310.
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.
In an effort to comply with the law and address this dilemma, the Michigan State Supreme Court in March 2023 proposed a rule effectively sealing district court records once a case is bound over to ...
The officeholder is also Register of Deeds legally recording real/personal property docs, indexes and provides access to mortgages and liens, deeds, UCC transactions, oil/gas/mineral rights. Legal Records involve filing civil cases valued above $25,000 for Circuit Trial Court and processing criminal felony cases transferred from District Court ...
UCC — Uniform Commercial Code; UCMJ — Uniform Code of Military Justice (Laws of the U.S. military) UKPC – Privy Council of the United Kingdom; UKSC – Supreme Court of the United Kingdom; UPC — Uniform Probate Code; U.S. — United States Reports (beginning with v. 502 (1991)) [6]
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