UCC Article 9 in Courts

It comes as no surprise that with the 5 year anniversary of the implementation of the 2010 Amendments, we begin to see cases where courts are called on to determine whether a security interest has been properly perfected. In this article, we review a few recent cases which address issues such as seriously misleading Financing Statements, compliance with Article § 9-503, a case relative to the right of repossession and, finally, a case on a properly perfected security interest in a liquor license.