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A. Common Assets/Uncommon Collateral; B. The Filing System

Recorded on: Jan. 20, 2011
Running Time: 01:31:33

Full Transcript:



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Taken from the Web Program Secured Transactions 2011: What Lawyers Need to Know about UCC Article 9 recorded January, 2011 in New York.

Lecture Topics  [01:31:33]

A. Common Assets/Uncommon Collateral; B. The Filing System  [01:31:33]

How to perfect in the following types of common assets:

  • Cash
  • Cash Management Accounts
  • Money Market Accounts
  • Certificates of Deposit
  • Treasury Securities
  • Hedge Fund Interests
  • Co-op Apartment
  • Vacation Home
  • Life Insurance Policy
  • Annuity
  • 401(k) Plan
  • Individual Retirement Accounts

B.  The Filing System

  • The “open drawer” policy
  • Nationally-uniform financing statements
  • Debtor signature vs. debtor authorization
  • Description of collateral on the financing statement
  • Location of debtor vs. location of collateral
  • Determining the location of the registered entity and the foreign debtor
  • Which types of collateral affect the filing jurisdiction
  • Estates and trusts as debtors
  • Extended filing for public-finance transactions
  • Bogus filings and the debtor’s correction statement
  • Continuation and termination, avoiding a potentially significant transition glitch
  • The continuing impact of the Spearing Tool case
  • Individual name update - proposed revisions
  • Unauthorized terminations
The purchase price of this Web Program segment includes the following article from the Course Handbook available online:
  • Security Interests in Common Assets/Uncommon Collateral
    Kenneth Chin
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