transcript   Transcript

UCC Article 9: Basic Building Blocks and Drafting the Security Agreement

Recorded on: Jan. 16, 2018
Running Time: 01:20:04

Full Transcript:



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Taken from the Web Program Secured Transactions 2018: What Lawyers Need to Know About UCC Article 9 Recorded January 2018 in New York

UCC Article 9: Basic Building Blocks and Drafting the Security Agreement [01:20:04]

A. Basic Building Blocks: Attachment, Perfection, and Priority

  • Does Article 9 apply to the transaction?
  • What does a security agreement require?
  • When does an oral security agreement work?
  • How specific does the collateral description have to be?
  • When does the secured party get automatic perfection?
  • How do you “possess” collateral?
  • What happens to perfection if something changes about the debtor post-closing?
  • What is a “superiority rule,” and how does it work?

Steven O. Weise

B. Drafting the Security Agreement

  • Crafting the collateral description and secured obligations
  • Dealing with non-assignable collateral and tort claims
  • Confirming or ratifying authorization for the filing of financing statements
  • Maintaining priority and perfection – necessary steps
  • Establishing standards for collateral disposition and collection on enforcement
  • Addressing non-Article 9 collateral

Edwin E. Smith


The purchase price of this Web Program segment includes the following article from the Course Handbook available online:

  • UCC Article 9: Basic Building Blocks
    Steven O. Weise
  • UCC Article 9: Basic Building Blocks—Attachment, Perfection, and Priority (PowerPoint slides)
    Steven O. Weise
  • A Summary of the Provisions of Article 9 of the Uniform Commercial Code (October 2017)
    Edwin E. Smith
  • Sample Form of UCC Article 9 Security Agreement and Perfection Certificate (All Personal Property Assets) (October 2017)
    Edwin E. Smith
  • Drafting the Security Agreement (PowerPoint slides)
    Edwin E. Smith

Presentation Material

  • UCC Article 9: Basic Building Blocks - Attachment, Perfection, and Priority
    Steven O. Weise
  • Drafting the Security Agreement
    Edwin E. Smith
(s)
Edwin E. Smith ~ Morgan, Lewis & Bockius LLP
Steven O. Weise ~ Proskauer Rose LLP
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