California General Security Agreement granting secured party secured interest
Description
How to fill out General Security Agreement Granting Secured Party Secured Interest?
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FAQ
To perfect a security interest in fixtures, a fixture financing statement must be recorded with the county recorder's office and include a description of the real property where the fixture will be located.
A lender can perfect a lien on a borrower's deposit account only by obtaining "control" over the account, which requires one of the following arrangements: (1) the borrower maintains its deposit account directly with the lender; (2) the lender becomes the actual owner of the borrower's deposit accounts with the ...
A security interest in a certificated security?or any uncertificated security, for that matter?can be perfected by the proper filing of a UCC-1 financing statement. Alternatively, a secured party can perfect an interest in a certificated security by control of the certificate.
UNDER THE CALIFORNIA COMMERCIAL CODE Commercial Code§ 9401 specifies that to perfect a security interest, the proper office for recording/filing is: WITH THE REGISTRAR-RECORDER/COUNTY CLERK when the collateral is (Commercial Code § 9501): 1. Timber to be cut (include legal description) 2.
Security interests for most types of collateral are usually perfected by filing a document simply called a "financing statement." You'll usually file this form with the secretary of state or other public office.
(1) A security interest in chattel paper or negotiable documents may be perfected by filing. A security interest in the right to proceeds of a written letter of credit can be perfected only by the secured party's taking possession of the letter of credit.
The security agreement must: be signed (or authenticated) by the debtor and the owner of the property, contain a description of the collateral and. make it clear that a security interest is intended.
(1) A security interest in chattel paper or negotiable documents may be perfected by filing. A security interest in the right to proceeds of a written letter of credit can be perfected only by the secured party's taking possession of the letter of credit.