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In 2015, the International Association of Commercial Administrators (IACA) released the revised Model Administrative Rules, which include a specific section frequently referred to as “standard search logic.” One standard se...
Read MoreOur guest blog post features an article written by Armstrong Teasdale Partner Jeffrey Wurst, who examines two standards of the UCC for collateral description. Mr. Wurst explains why lenders must exercise caution when intending t...
Read MoreDid you know these FIVE THINGS ABOUT FRAUDULENT UCC FILINGS? There are an ever increasing number of UCC filings being submitted by “Sovereign Citizens”. According to the FBI, “Sovereign citizens are anti-government extr...
Read MoreSpecial thanks to Tara and Paula from our Dover, DE office for sharing the updated chart and map following Alabama Governor Robert J. Bentley’s signature on Senate Bill 28 addressing the Amendments to UCC Revised Article 9. ...
Read MoreBest Practice: Search to Reflect Many of our clients ask us about searching to reflect after they file a financing statement. They are unsure of the purpose of this search. I filed it in the correct jurisdiction. I have ...
Read MoreOn February 14, 2013, the Governor of Wyoming signed House Bill 3 enacting a change to the effectiveness period of UCC financing statements. This extends the filing duration from 5 to 10 years. The change will come into effect o...
Read MoreThe requirement for Decennial Reports has been repealed. Effective January 3, 2024, specific entity types will transition from filing 10-year reports on company activities to being required to file annually. If your company f...
Read MoreA UCC-1 Financing Statement is used by a creditor to provide notice that it has a security interest in the personal property of a debtor. Quite often when a UCC-1 Financing Statement is submitted, the participants involved are ide...
Read MoreSearching for Federal Tax Liens is just one component of a thorough due diligence search. Understanding the “What” and the “Where” of the different areas of a “Full Lien Search” involves being able to successfully sort...
Read MoreInfringement of Intellectual Property International IPR infringement is a growing concern for United States companies especially in sectors such as pharmaceutical, agricultural, chemical & textile manufacturers as they spend ...
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