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For example, if you take out a loan to buy new machinery, the lender might file a UCC-1 lien and claim that new machinery as collateral on the loan. You would, of course, work with your lender to designate what the collateral will be before you sign any documentation committing to the loan.
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General Forms / Information. File Name, Download. Credit Card Payment Slip, ucc-ccps.pdf. Prepaid Account Setup Slip, ucc-ppas.pdf. ... (Form UCC1Ad) and complete the required information in items 13, 14, 15, and 16. Consult applicable state UCC law for filing location. 5. If collateral is ... Make these simple steps to Add Video To Legal Alabama Secured Transactions Forms online: Upload a file to the editor. You can select from a couple of options - ... The following PDF forms are provided to assist with your UCC processing. Notice: IACA has promulgated changes to five UCC filing forms. Secured Transactions annotations about recent developments in agricultural law and tax by Roger McEowen. A written, authenticated security agreement that grants a security interest in tangible personal property (like a vehicle) may be regarded, in Alabama, as a ... By SO Weise · 1992 · Cited by 12 ? This Article reviews 1991 developments in personal property secured trans- actions under Article 9 of the Uniform Commercial Code (U.C.C.). As typical. The UCC is a set of laws concerning commercial transactions, such as the sale of goods. It also covers secured transactions, where a lender gains the right to ... Section 7-9A-619 - Transfer of record or legal title. Section 7-9A-620 - Acceptance of collateral in full or partial satisfaction of obligation; compulsory ... ... form rules of secured transactions law indicate that the retailer's interest was not ownership but, rather, a security interest. See UCC. § 1 ...
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