SELECTED ISSUES RELATING TO
THE REVISED UCC ARTICLE 9

 
by STEVEN V. TORKILDSON

I. LAW GOVERNING PERFECTION AND PRIORITY.

1. General Rule; Location of Debtor
2. Exceptions
3. Continued Perfection Following Change in Jurisdiction

II.
 PERFECTION

1. Automatic Perfection
2. Filing
3. Broadened Filing
4. Deposit Accounts; Investment Property; Letter of Credit Rights; Electronic Chattel Paper

III.
 PLACE OF FILING THE UCC-1.

1. Debtor's Location
2. Organizations Registered Under State Law
3. Organizations Not Registered under State Law
4. Foreign Entities
5. Individuals
6. Perfection vs. Priority
7. Filing Office; Mortgages as Financing Statements.

IV.
 TYPES OF FILINGS.

1. Financing Statement
2. Amendment
3. Correction Statement
4. Uniform "Safe Harbor" Forms
5. Debtor's Signature

V.
 IDENTIFICATION OF COLLATERAL.

VI. TRANSITION RULES.

1. Effective Date
2. Interpretation of Pre-Effective Date Security Agreements
3. Security Interests that were Prefected Before Effective Date
4. Security Interests that were Not Prefected Before the Effective Date
5. Actions Taken Before Effective Date (9-705)
6. Amending Pre-Effective Date Financing Statements

VII.
 MISCELLANEOUS

1. Accounts
2. Insurance Claims