The Client Asks: Are We Perfected?

Your client calls and asks whether a specific asset is properly perfected. This call could come from a lender, perhaps wondering whether it is secured ahead of a workout negotiation, or from the borrower itself, maybe interested in selling the asset free of such encumbrances. Read this practice note explaining how you should proceed when a client calls and asks whether a specific asset is properly perfected.

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Related Content

• Security Interests Resource Kit
  Check out this resource kit providing an overview of the creation, perfection, and priority of security interests under the Uniform Commercial Code. This resource kit provides guidance on all facets of a security package, including procedures on perfecting various types of assets, and links to additional practice notes, templates, and checklists on this topic in Practical Guidance.

• Security Interests and Liens Priorities
  Read this practice discussing the requirements for the attachment and perfection of consensual security interests in personal property under Article 9 of the Uniform Commercial Code.

• Perfection Methods in Various Types of Collateral Chart
  Review this chart listing the methods of perfection for various types of collateral under Article 9 of the Uniform Commercial Code.

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