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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.
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 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.
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 minimum age for a commercial driver's license is generally 18 years old, but federal law requires commercial drivers to be at least 21 years of age to operate a commercial motor vehicle in interstate commerce. An unrestricted driver's license is a prerequisite in all states before a commercial driver's license can be issued. [14] [15]
Mandated by the Commercial Motor Vehicle Safety Act 1986 (CMVSA) and revised in accordance with various other federal laws subsequent to CMVSA, CDLIS helps document the issuance of a Commercial driver's license (CDL) and the withdrawal of a commercial driver by the State Driver Licensing Agencies (SDLAs) of the CDLIS jurisdictions (the 50 U.S. States and the District of Columbia).
In the United States, the Driver License Agreement (DLA) is an interstate compact written by the Joint Executive Board of the Driver License Compact (DLC) and the Non-Resident Violator Compact (NRVC) with staff support provided by the American Association of Motor Vehicle Administrators (AAMVA). The DLA requires all states to honor licenses ...
In addition to the basic lien-priority coverage, UCC insurance covers many of the risks associated with the perfection of a security interest through the central filing system, such as the authorized execution of the lien-granting document by the debtor, misindexed filings, unauthorized termination statements filed against the record, the ...