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First Modifications Since 2001 Considered for UCC Article 9

Part One of this article addressed items on the Article 9 Joint Review Committee's agenda, including naming issues and transmitting utilities. This second installment discusses forms of initial financing statements and amendments, correction statements, control of deposit accounts, intangibles, and the <i>Commercial Money Center</i> and <i>Highland Capital</i> cases.

18 minute read March 31, 2009 at 11:15 AM
By
Alan M. Christenfeld And Shephard W. Melzer
First Modifications Since 2001 Considered for UCC Article 9

Part Two of a Two-Part Article

Forms

Section 9-521 sets forth forms of initial financing statements and amendments. The use of these forms is not mandatory; Section 9-521's purpose is merely to provide “safe harbor” forms that are accepted in all jurisdictions.

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