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Fill in the debtor's name and mailing address. It may be an individual, or it may be in the name of a business or organization. If the loan is in the name of the business, include the business mailing address. There is space for additional debtors. Include them exactly as they appeared on the loan agreement.

An Example of a UCC Lien Filing If you secure equipment financing, the lender will file a UCC lien to state that if the debt for the espresso machine is not repaid, the lender has the right to repossess the espresso machine or seize other assets from your business.

Since the UCC financing statement form no longer provides a signature line for the debtor/transferor, parties need to manually add a signature block for the transferor to comply with Civil Code Section 3440.1(h)(1).

For purposes of the UCC the ?debtor? is a ?person? who has an interest in the collateral. 9-102(28) A ?person? includes an ?organization,? and an estate is an ?organization.? 1-201(30) and 1-201(28). It is clear, therefore, that an ?estate? can be the ?debtor.?

You MUST title and license the vehicle within 45 days of the purchase date, or you will be paying a late fee in addition to the one-time 4% tax. It does not matter how long your temporary tags from another state may be good for; South Dakota starts assessing penalties on the 46th day.

If a state with no tax or a lower tax rate than South Dakota's 4%, then you will need to pay the additional tax rate to match the 4%. Q: Can I register my vehicle in South Dakota/Pennington County if I live out of state? Yes but be careful. Your state may prohibit registering your vehicle in another state.