Secured Transactions 2013: What Lawyers Need to Know About UCC Article 9
January 9, 2013
CLE - Live Seminar
Article 9 of the Uniform Commercial Code applies to secured transactions, which are interests in specific collateral granted by the debtor in conjunction with the debtor’s promise to pay. At Secured Transactions 2013: What Lawyers Need to Know About UCC Article 9, you will learn the fundamentals of acquiring a security interest, including how to attach, to perfect (filing and non-filing methods) and to gain (and maintain) priority in the collateral of your choice. You will learn how to secure the most common forms of collateral, as well as how to perfect a security interest in some uncommon forms of collateral. In addition, our expert faculty of UCC practitioners will cover the basics of drafting the security agreement, and common default and enforcement issues, including protecting your security interest from the bankruptcy trustee. Plus you will hear about emerging topics: the proposed revisions to Article 9 and recent case law.
- Where to file
- How to describe the collateral
- Determining the debtor’s name
- How to categorize collateral
- Techniques for drafting the security agreement
- Is perfection by filing the best method?
- How to perfect a security interest in a securities account and a deposit account
- What are the non-temporal priorities, and why do they matter?
- How do you know that the security interest has attached?
- How to perfect in assets commonly held by individuals
- How to comply with the default enforcement rules
- What is the difference between a public and private sale?
- When can the secured creditor buy in at the sale?
- Forthcoming changes to Article 9 - what you need to know
- How bankruptcy can affect your lien
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