UCC-1 financing statement
- UCC-1 financing statement
-
USA
A record or records composed of an initial financing statement and any filed record relating to the initial financing statement (UCC § 102(39)). In accordance with the UCC, a UCC-1 is filed in order to perfect a lender's security interest in certain collateral of the borrower.
For further information, see Practice Note, UCC Creation, Perfection and Priority of Security Interests (www.practicallaw.com/6-381-0551).
Practical Law Dictionary. Glossary of UK, US and international legal terms.
www.practicallaw.com.
2010.
Look at other dictionaries:
UCC-3 financing statement — USA UCC 3 financing statement, Also known as a UCC 3, UCC 3 financing statement amendment and, in the context of termination of a UCC 1 financing statement (UCC 1), a UCC 3 termination statement … Law dictionary
UCC-3 financing statement amendment — USA UCC 3 financing statement, Also known as a UCC 3, UCC 3 financing statement amendment and, in the context of termination of a UCC 1 financing statement (UCC 1), a UCC 3 termination statement … Law dictionary
UCC-3 termination statement — USA UCC 3 financing statement, Also known as a UCC 3, UCC 3 financing statement amendment and, in the context of termination of a UCC 1 financing statement (UCC 1), a UCC 3 termination statement … Law dictionary
UCC-3 continuation statement — USA UCC 3 continuation statement, Also known as a continuation statement. The amendment used to extend the effectiveness of a UCC 1 beyond the date which is five years after the date of its filing. The continuation statement should identify the… … Law dictionary
financing statement — n: a statement that contains information about a security interest in collateral used to secure a debt and that is filed to provide notice to other creditors of the security interest see also perfect b uniform commercial code in the important… … Law dictionary
UCC Financing Statement — A standardized form that a lender files with a state agency (usually a Secretary of State) to secure an interest in personal property that the borrower used as collateral for a loan. Also called a UCC 1 Form. Category: Business, LLCs &… … Law dictionary
UCC-1 — USA UCC 1, Also known as a UCC 1 financing statement and a financing statement. A record or records composed of an initial financing statement and any filed record relating to the initial financing statement (UCC § 102(39)). In accordance with… … Law dictionary
UCC-3 — USA UCC 3 financing statement, Also known as a UCC 3, UCC 3 financing statement amendment and, in the context of termination of a UCC 1 financing statement (UCC 1), a UCC 3 termination statement … Law dictionary
UCC-1 Form — See: UCC Financing Statement Category: Business, LLCs & Corporations Category: Personal Finance & Retirement Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009 … Law dictionary
financing statements — Forms, usually standard UCC 1 forms, that are required by Article 9 of the UCC to be recorded in a designated public location in order to perfect a creditor s lien in personal property collateral. The financing statement is used as a vehicle for… … Financial and business terms
