27 Apr 2021
Uncommon Collateral Becomes Presentable
Get your colleagues and clients up to speed on perfecting challenging asset types. This practice note can be used to prepare a presentation explaining how to perfect several specific forms of uncommon collateral, both under and outside the Uniform Commercial Code.
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Get the documents and guidance you need for the creation, perfection, and priority of security interests under the Uniform Commercial Code (UCC). This resource kit includes guidance on all facets of a security package, including procedures on perfecting various types of assets, as well as guidance on where detailed practice notes, forms, and checklists on this topic can be found in Practical Guidance. - Lien Types, Searches, and Releases
Learn about the scope and importance of conducting lien searches for financing statements filed pursuant to Article 9 of the UCC, along with a description of the three types of liens (consensual liens, statutory liens, and judgment liens); the various steps required for perfection of such liens; and the specific types of lien searches that may be ordered to discover the existence of such liens. - Definition of Excluded Collateral Clauses (Security Agreement)
See what oft-excluded assets you can now rope into your collateral package. These clauses are used in a security agreement to delineate specific assets or categories of assets that are negotiated to be excluded from the collateral pool, or are excluded for legal or practical reasons.
Practical Guidance Updates
Featuring the latest updates in Practical Guidance.
- Finance Fundamentals Resource Kit
- The Practical Guidance Journal Spring 2021 Edition
Details of the “New and Improved” Paycheck Protection Program - Document alerts allow you to stay current on legal developments that affect your practice. Find out how to set up your document alerts.
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