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District of Columbia
Ratification of Memorandum of Operating Agreement and Financing...

District of Columbia Ratification of Memorandum of Operating Agreement and Financing Statement - Form 1

Category:

Oil Gas and Minerals - Agreements

State:

Multi-State

Control #:

US-OG-773

Format:

Instant download

Description

This form is used when a party, as a Non-Operator to the Operating Agreement, ratifies the Memorandum, agreeing to be bound by and subject to all its terms.

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How to fill out Ratification Of Memorandum Of Operating Agreement And Financing Statement - Form 1?

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FAQ

Security interest filings in Washington, DC are filed with the Recorder of Deeds (ROD). If you have a UCC against real property, better known as a ?fixture filing?, this would be filed in the land records of the ROD, while vast majority are found in the ?chattel? records (yes, DC still uses the word chattel).

What authorization is required to file a financing statement? A secured party must be authorized to file a financing statement against the assets of the debtor. If the debtor is bound by a security agreement, authorization to file a financing statement is implied.