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UCC-1 financing statement. 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.
Website. cscglobal.com. CSC is a US company founded on January 1, 1899, that provides corporate, legal, and tax services. It is headquartered in Wilmington, Delaware, and has offices in the United States, Canada, Europe, and the Asia-Pacific region. It specializes in business formation, corporate domain management, and providing corporate tax ...
Bulk sale. A bulk sale, sometimes called a bulk transfer, is when a business sells all or nearly all of its inventory to a single buyer and such a sale is not part of the ordinary course of business. This type of action is often used in an attempt to dodge creditors who intend to seize such business's inventory; in order to protect the ...
U. UCC-1 financing statement. Uniform Commercial Code adoption. Categories: United States contract law. United States competition law. Uniform Acts. Hidden category: Wikipedia categories named after legislation.
The courts of common pleas are the trial courts of general jurisdiction in the state. The name derives from the medieval English court of Common Pleas. Pennsylvania established them in 1722. [1] They hear civil cases with a significant amount in controversy and trials for serious crimes. They have original jurisdiction over all cases not ...
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