Effects Of Roswell V. Alternative Construction
Roswell Capital Partners LLC v. Alternative Construction Technologies, No. 08 Civ. 10647 (DLC), 2010 WL 3452378 (S.D.N.Y. Sept. 1, 2010) (the “Roswell case”) supports the notion that an unauthorized termination statement is fully effective in destroying the perfected status of a security interest.
The effect of the decision, if followed, would be to impose a burden on the secured party of record to monitor...
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