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:

If you are a Privileged Member, just log in and start reading now! If you are not a Privileged Member, please click here to learn how unlimited access to PLI programs may be right for you and your firm.

To access the streaming media of this presentation, please purchase the corresponding seminar segment.

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
Edwin E. Smith ~ Morgan, Lewis & Bockius LLP
Steven O. Weise ~ Proskauer Rose LLP
Transcript FAQ's
  • How Can I Access Transcripts?
    You must be a Member in good standing.

  • Can I access the Video?
    Yes, you can access the video if you have the Adobe Flash plugin installed. Click on the video camera icon when you mouse over each paragraph. The media will begin playback at that point.

  • Can I get CLE credit for reading the transcript?
    No, CLE credit cannot be earned for reading a transcript. CLE credit is issued only for verified attendance while watching a web program. If seeking credit, please verify the program's eligibility for credit and expiration date in your jurisdiction on the web segment launch page before commencing the program.

  • twitter
  • LinkedIn
  • YouTube
  • RSS

All Contents Copyright © 1996-2018 Practising Law Institute. Continuing Legal Education since 1933.

© 2018 PLI PRACTISING LAW INSTITUTE. All rights reserved. The PLI logo is a service mark of PLI.