Consignment Filings

kalford October 29, 2015

Do you sell on consignment? If you allow customers to have possession of goods under a “consignment” agreement prior to the actual sale, you are at risk of losing your rights in the goods. To protect your interest, you must have perfected a security interest in those goods under Article 9 of the Uniform Commercial Code (“UCC”) prior to delivery.

UCCs and Consignment

If you allow allow customers to possess goods under a “consignment” agreement prior to the actual sale, you are at risk of losing your rights in the...