Seriously Misleading, Standard Search Logic, Noise Words, Name Changes & Avoidance: The Importance of Correctly Identifying the Debtor in Compliance with Article 9 of the Uniform Commercial Code
The proper spelling of a debtor’s name on a UCC Financing Statement is a fervently litigated issue. The UCC Article 9 registry system is designed to permit creditors to make a security agreement public by filing a UCC Financing Statement. UCCs are indexed by the name of the debtor, in part to facilitate a streamlined search and to identify pre-existing security interests.
Download this whitepaper to learn more about the impacts of seriously misleading, standard search logic, noise words, name changes & avoidance, on your UCC filing!