What To Know About The UCC Article 9 Amendments

Law360, New York (July 31, 2013, 2:55 PM EDT) -- The 2010 amendments to Article 9 of the Uniform Commercial Code, which became effective July 1, 2013, are the first significant changes to the statutory text since 1998. They are intended to clarify certain issues that turned out to be problematic in practice.

Although the 2010 amendments are relatively narrow in scope, it is nevertheless important for lenders to be informed about them because they make important changes, especially with respect to the requirements for debtor names on financing statements.

1. Changes to Debtor Name Provisions...
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