Debtor is obligated to pay the secured party attorneys fees. In consideration of the indebtedness, debtor conveys and warrants to trustee certain property described in the land deed of trust.
Debtor is obligated to pay the secured party attorneys fees. In consideration of the indebtedness, debtor conveys and warrants to trustee certain property described in the land deed of trust.
To perfect a security interest in a deposit account, the lender must establish "control" over that account. This article discusses the means to obtain that control and the key terms that should be included in a control agreement.
A security interest in a certificated security—or any uncertificated security, for that matter—can be perfected by the proper filing of a UCC-1 financing statement. Alternatively, a secured party can perfect an interest in a certificated security by control of the certificate.
A security interest in an uncertificated security may only be perfected by: (i) filing of a financing statement, see 9-312(a); and (ii) by control under 9-106, see 9-314.
Bonds (government, corporate, or municipal) are one of the most common types of debt securities, but there are many different examples of debt securities, including preferred stock, collateralized debt obligations, euro commercial paper, and mortgage-backed securities.
inventory PMSI is perfected by filing a UCC1 prior to the debtor taking possession of the assets or within 20 days after receipt. This must be done in the appropriate jurisdiction where the debtor is located.
A lender can perfect a lien on a borrower's deposit account only by obtaining "control" over the account, which requires one of the following arrangements: (1) the borrower maintains its deposit account directly with the lender; (2) the lender becomes the actual owner of the borrower's deposit accounts with the ...
Security debt refers to software flaws that remain unfixed for a year or more.
Individuals, organizations, fiduciaries, and corporate investors may buy Treasury securities through a bank, broker, or dealer. With a bank, broker, or dealer, you may bid for Treasury marketable securities non-competitively or competitively, but not both, for the same auction.
There are four primary ways in which an attached security interest may be perfected — filing, possession, control and automatic perfection. The most common method of perfecting a security interest is filing a financing statement.