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(UCC 9-108) The financing statement is generally filed with the office of the state secretary of state, in the state where the debtor is located - for an individual, the state where the debtor resides, for most kinds of business organizations the state of incorporation or organization. Many states have a state agency that operates under the ...
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 Uniform Commercial Code (UCC) currently consists of the following articles: . Art. 1, General Provisions; Art. 2, Sales; Art. 2A, Leases; Art. 3, Negotiable ...
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.
Remedies for a secured party's failure to comply with Article 9 are found at {{UCC|9|625}}. Remedies for a secured party's failure to comply with Article 9 are found at UCC § 9-625. Rules relating to [[strict foreclosure]] are found at {{UCC|9|620|624}}. Rules relating to strict foreclosure are found at UCC §§ 9-620– 9-624.
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Consideration is the central concept in the common law of contracts and is required, in most cases, for a contract to be enforceable. Consideration is the price one pays for another's promise.
Pages in category "Uniform Commercial Code" The following 9 pages are in this category, out of 9 total. ... UCC-1 financing statement; Uniform Commercial Code adoption