UCC1 - Financing Statement - Michigan - For use after July 1, 2001. This form is a financing statement used to cover certain collateral as specified in the form. This Financing Statement complies will all applicable state laws.
Grand Rapids, Michigan UCC1 Financing Statement is a legal document that is filed to establish a creditor's interest in personal property used as collateral for a loan or debt. This statement serves as a public notice, notifying other creditors and potential buyers about the creditor's claim in case of default or a dispute. The UCC1 Financing Statement in Grand Rapids, Michigan, follows the guidelines outlined in the Uniform Commercial Code (UCC), which is a set of standardized laws governing commercial transactions across the United States. This filing is done with the Michigan Secretary of State's office or the applicable county office. Keywords: Grand Rapids, Michigan, UCC1 Financing Statement, legal document, creditor's interest, personal property, collateral, loan, debt, public notice, other creditors, potential buyers, default, dispute, Uniform Commercial Code, UCC, standardized laws, commercial transactions, Michigan Secretary of State. There are no specific types of UCC1 Financing Statements for Grand Rapids, Michigan. However, it is essential to note that there can be variations in the content depending on the specifics of the transaction or the collateral involved. For example, if the collateral is a motor vehicle, an additional form known as the UCC1 Financing Statement Addendum for Motor Vehicle may be required to provide specific details about the vehicle, such as the vehicle identification number (VIN) and registration information. In some cases, there may also be UCC1 Financing Statements filed as amendments or continuations to existing filings. Amendments are made to modify or update information provided in the original filing, while continuations extend the duration of the initial filing, ensuring that the creditor's interest remains protected for an extended period. Overall, the Grand Rapids, Michigan UCC1 Financing Statement is a vital legal tool that assures transparency and protection in commercial transactions involving personal property as collateral. By adhering to the UCC guidelines and filing this statement properly, creditors can safeguard their interests and maintain the priority of their claims.
Grand Rapids, Michigan UCC1 Financing Statement is a legal document that is filed to establish a creditor's interest in personal property used as collateral for a loan or debt. This statement serves as a public notice, notifying other creditors and potential buyers about the creditor's claim in case of default or a dispute. The UCC1 Financing Statement in Grand Rapids, Michigan, follows the guidelines outlined in the Uniform Commercial Code (UCC), which is a set of standardized laws governing commercial transactions across the United States. This filing is done with the Michigan Secretary of State's office or the applicable county office. Keywords: Grand Rapids, Michigan, UCC1 Financing Statement, legal document, creditor's interest, personal property, collateral, loan, debt, public notice, other creditors, potential buyers, default, dispute, Uniform Commercial Code, UCC, standardized laws, commercial transactions, Michigan Secretary of State. There are no specific types of UCC1 Financing Statements for Grand Rapids, Michigan. However, it is essential to note that there can be variations in the content depending on the specifics of the transaction or the collateral involved. For example, if the collateral is a motor vehicle, an additional form known as the UCC1 Financing Statement Addendum for Motor Vehicle may be required to provide specific details about the vehicle, such as the vehicle identification number (VIN) and registration information. In some cases, there may also be UCC1 Financing Statements filed as amendments or continuations to existing filings. Amendments are made to modify or update information provided in the original filing, while continuations extend the duration of the initial filing, ensuring that the creditor's interest remains protected for an extended period. Overall, the Grand Rapids, Michigan UCC1 Financing Statement is a vital legal tool that assures transparency and protection in commercial transactions involving personal property as collateral. By adhering to the UCC guidelines and filing this statement properly, creditors can safeguard their interests and maintain the priority of their claims.