In In re Verus Investment Management, LLC, 344 B.R. 536 (Bankr. N.D. Ohio 2006), the debtor tenant rented office space from Metropolitan Bank, the building was transferred to Metropolitan&rsqu ...

An erroneous financing statement can still be effective to perfect a security interest, but it all depends on the rules and procedures that the filing office uses to perfo ...

If you are perfecting a security interest in a fixture, searching and filing in the U.C.C. office, in addition to the county real estate records, can avoid unwelcome surprises. A creditor who ...

Secured creditors who finance their debtor’s inventory and receivables are often concerned with bein ...

Lewiston State Bank v. Greenline Equipment, L.L.C., 147 P.3d 951 (Ct. App. Utah 2006), involved the issue of whether a cred ...

Professor of Law Ingrid Michelsen Hillinger discusses McCarthy v. BMW Bank of North America, 2007 U.S. App. LEXIS 27217 (D.C. Cir. 2007), a case highlighting ...

Revised U.C.C. Article 9 imposes a clear, specific, objective rule for measuring the sufficiency of a fina ...

Professor of Law Ingrid Michelsen Hillinger examines the decision in First National Bank of Picayune v. Pearl River Fabricators, Inc., 2007 La. LEXIS 2520 (N ...

Creditors seeking enforceable security interests in their debtors’ collateral must attach their security interests under U.C.C Article 9, ideally by means of a well-drafted security agreement. Professor of Law Margit Livi ...

Accounts receivables or "receivables," which constitute a significant part of many enterprises' assets, are frequently proffered as collateral in secured lending transactions. ...

Before the adoption of Revised Article 9, agricultural liens were subject to a variety of rules regarding their creation and enforcement under a myriad of state laws and court decisions. The r ...

In this Expert Commentary, Professor Margit Livingston explains what chattel paper is and the special priority rules that apply to it under the Uniform Commercial Code.