• Understanding Secured Transactions, Fifth Edition, 2012
 
 
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Understanding Secured Transactions, Fifth Edition, 2012

Understanding Secured Transactions, Fifth Edition, 2012

William H. Lawrence, Professor of Law, University of San Diego School of Law; William H. Henning, Distinguished Professor of Law, University of Alabama School of Law; R. Wilson Freyermuth, John D. Lawson Professor of Law, University of Missouri at Columbia School of Law


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    This Understanding treatise provides students with an analysis of the underlying rationales of Article 9 of the Uniform Commercial Code, the federal Bankruptcy Code as it relates to Article 9, and other relevant state and federal legislation. Familiarity with these rationales is critical for a true understanding of the law of secured transactions. The organization of this text is largely based upon the traditional five-part approach to the law of secured transactions:

    • Scope of the article;
    • Attachment of security interests;
    • Perfection of security interests;
    • Priorities among competing claimants (including extensive treatment of the effects of bankruptcy on security interests); and
    • Enforcement of security interests.

    In addition, this treatise explains in practical terms the essential elements of different types of secured transactions, giving students a perspective that is crucial to their ability to understand how Article 9 functions in the real world. For example, it describes the structure and use of financing arrangements that are made possible through such techniques as asset-based securitization, mortgage warehouse lending, terminal and field warehousing, financing of accounts, factoring of accounts, and floor planning, as well as other methods of transacting business. The Fifth Edition was necessitated by a significant set of amendments to revised Article 9 promulgated by the sponsors in 2010. The amendments have been enacted in over half the states, with a deferred effective date of July 1, 2013. p> Entries in the Table of Contents include a descriptive word phrase, along with relevant section numbers of the UCC and the Bankruptcy Code. The Table of Contents does not cite all the provisions that might be relevant, but only the most fundamental provisions relating to the particular topic. This approach should aid students using the book as a supplemental text by enabling them to find the relevant discussion based on either the subject or the basic statutory section numbers. The Index and the Table of Statutes and Authorities enable a more detailed search.

    Professors and adjunct professors may request complimentary examination copies of LexisNexis law school publications to consider for class adoption or recommendation. Please identify the book(s) you wish to receive, provide your institutional contact information, and submit your request here.

     

    Henning, William H.


    William H. Henning is the Executive Director of the National Conference of Commissioners on Uniform State Laws. In addition, he serves as a Professor of Law at the University of Alabama School of Law. He served as Chair of the Drafting Committee to Revise Uniform Commercial Code Article 2-Sales and also served on the Uniform Commercial Code Committee and the Committee on Scope and Program.

    Professor Henning graduated from the University of Tennessee College of Law and received his LL.M. from the University of Illinois College of Law. At the University of Missouri-Columbia School of Law, where he served for many years as the R.B. Price Professor of Law before taking emeritus status, Professor Henning was a three-time winner of the Distinguished Faculty Teaching Award and the first member of the law faculty to be selected for a William T. Kemper Fellowship for Teaching Excellence. He has published widely in the field of commercial law and, as a key player in the revision of Article 9, was a co-author of Matthew Bender's Understanding Secured Transactions.

     

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