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Expert Analysis

Does UCC Article 9 Cover Business Interruption Policies?

Law360, New York (September 14, 2015, 11:08 AM EDT) -- In In Re: Montreal, Maine & Atlantic Railway Ltd.,[1] the United States Court of Appeals for the First Circuit upheld a lower court decision that a lender did not have a perfected security interest under Article 9 of the Uniform Commercial Code in proceeds of a policy of business interruption insurance....

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