Kentucky Certificate of Secretary of Corporation as to Commercial Loan
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How to fill out Certificate Of Secretary Of Corporation As To Commercial Loan?
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A certified copy of your Articles of Organization or Articles of Incorporation can be ordered by fax, mail, phone or in person, but we recommend faxing. Normal processing takes up to 3 days, plus additional time for mailing, and costs $5 certification fee, plus $5 for the first five pages and $. 50 per page thereafter.
?The Uniform Commercial Code (UCC) division of the Secretary of State's office serves as the state repository for financing statements regarding security interests under Kentucky Revised Statutes Chapter 355, Revised Article 9.
A creditor files a UCC-1 to provide notice to interested parties that he or she has a security interest in a debtor's personal property. This personal property is being used as collateral in some type of secured transaction, usually a loan or a lease.
Who needs to register their business? In most cases, all businesses in Kentucky are required by law to register with the Office of the Secretary of the State, the Department of Revenue, the Office of Employment Training, the Internal Revenue Service and with local municipalities to obtain business licenses and permits.
Kentucky does not have a state-wide licensing requirement for business owners.
In general, a UCC filing is not bad for your business ? it simply serves as an official notice to other creditors that your lender has a security interest in one or all of your assets. However, UCC filings can impact your business credit, risk your company's assets and/or hinder your ability to get future financing.
Fixture & Other UCC Filing Continuation The continuation statement lasts for up to five years from the original file date.
Uniform Commercial Code - Secretary of State.
