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First, the debtor must send an authenticated demand to the secured party. The demand should be sent to the name/address of the secured party as indicated on the financing statement. The secured party has 20 days to either terminate the filing or send a termination statement to the debtor that the debtor can then file.
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Transfer of record or legal title. 25-9-620. Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral. 25-9- ... This practical, easy-to-use book, contains a comprehensive collection of all the current rules of Revised Article 9, along with extensive commentaries on ... Many documents, including filings made with our Uniform Commercial Code Section, may be viewed on our website. We also provide copies of many records upon ... UCC records can be researched for free from this site, or the UCC Section will perform a UCC Search by written request on a UCC-11 Information Request form for ... Browse General Statutes of North Carolina | Article 9 - SECURED TRANSACTIONS for free on Casetext. by FW Hanft · 1966 · Cited by 4 — 8 North Carolina has an optional statutory form for a chattel mortgage. ... The reasoning of the court resembled that of the. North Carolina court in some of the ... 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 ... This online option allows the user to obtain search results, file financing statements, and/or receive documents - including certified documents - quickly and ... The public may search the UCC Electronic Filing, Search & Retrieval system for financing statements and information on collateral related to security interests. by DL Batty · 2003 — ... North Carolina Bar Association Illustrative Form of Legal Opinion for Uniform Commercial. Code Secured Lending Transactions, 7 N.C. Banking Inst. 73 (2003) ...
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