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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.
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A secured party has control of a letter-of-credit right to the extent of any right to payment or performance by the issuer or any nominated person if the issuer ... At the request of the Secured Party, Debtor will execute such financing statements, continuation statements, and other documents with respect to the Collateral ... 70A-3-102 Subject matter. (1) This chapter applies to negotiable instruments. It does not apply to money, to payment orders governed by Title 70A, ... Cumulative release notes summary on changes to Utah features and products. Cumulative release notes summary on highlights of Utah features and products. Review the product highlights to learn what's new in ... 30-Aug-2002 — Frequently, evidence of electronic transactions never exists on paper, unless there is a need to provide a copy or to introduce evidence to a ... by TJ SMEDINGHOFF · Cited by 5 — What are the rules and requirements for conducting business transactions in electronic form? In a commercial environment, parties enter into an endless ... This index provides a comprehensive though not necessarily exhaustive compilation of reported and unreported federal and state court decisions involving Secured ... House Bill 1092, effective July 1, 2022, deletes a provision of Article 9 of the state's UCC law that required the secured party to send a copy of a financing ... by DF Adams · Cited by 5 — § 9-. 102(1)(a) (1972) had it, the revision makes the Article applicable to "a transaction, regardless of its form, that creates a security interest in personal ...
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