Louisiana Ratification of Memorandum of Operating Agreement and Financing Statement - Form 1
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How to fill out Ratification Of Memorandum Of Operating Agreement And Financing Statement - Form 1?
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FAQ
Section XIX-123 - Additional Specific Requirements for Filings Changing the Status of an Initial UCC Filing A. Continuation Statement 1. A filed financing statement is effective for a period of five years. No exception is made for a stated maturity date of less than five years.
PROPER PLACE TO FILE: UCC-1 Financing Statement and attachments may be filed with any Louisiana Parish Clerk of Court or with the Recorder of Mortgages in Orleans Parish (without regard to the debtor's address or the location of the collateral or of any related immovable). DO NOT FILE WITH THE SECRETARY OF STATE.
DO: Always use the Debtor's exact Legal Name and Address. The debtor's name should match what is listed on their legal license along with the correct address, or on the most recently filed corporate documents. Include the Lender's Name and Address. Provide a description of the collateral.
UCC-1 Financing Statements may be filed with any Louisiana Parish Clerk of Court without regard to the debtor's address, location of the collateral or of any related immovable. Initial Financing Statements can now be submitted to any Louisiana Parish Clerk of Court online through the Secretary of State's website.
Louisiana adopted the Uniform Commercial Code in 1990, making it the last of the 50 states to adopt the UCC. However, Louisiana has not adopted all of the UCC. The state chose not to pass Article 2, Sales of Goods, into law. Louisiana's own civil law continues to govern the sale of goods in that state.
Uniform Commercial Code1 statement is a legal notice filed by creditors to publicly declare their rights to potentially obtain the personal properties of debtors who default on business loans they extend.
UCC-1F and UCC-3F Central Registry Filings UCC and Crop filing$35*Crop filing$20*Amendments, Continuations, Assignments$20*
