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Protect Your PMSI in Inventory

kalford May 11, 2017 12:00:00 AM

Protect Your PMSI in Inventory
Section 9-103 of the UCC defines a PMSI as a security interest in goods (aka inventory) that are collateral for an obligation that arises in connection with the sale of the goods. When the required steps are met, a PMSI can give a creditor a first or priority security interest in the goods, even if other secured parties hold prior perfected security interests in the same collateral. Check out this infographic to learn more about who might benefit from a PMSI in Inventory and how to comply with PMSI requirements.
Blanket v. PMSI

Blanket v. PMSI

Sep 3, 2015 12:00:00 AM

There are primarily two types of secured transactions under Article 9 of the Uniform Commercial Code: Blanket Filing and Purchase Money Security...

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EC: Use the PMSI UCC to Get Paid

EC: Use the PMSI UCC to Get Paid

Jun 27, 2016 12:00:00 AM

In this NCS Extra Credit installment, Amy Poje (Manager Construction and Collection Services Groups) and Jerry Bailey (Executive Sales and Education...

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Perfected PMSI

Perfected PMSI

Oct 28, 2019 12:00:00 AM

When the required steps are met, a Purchase Money Security Interest (PMSI) can give a creditor a first or priority security interest in the goods,...

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