UCC1 - Financing Statement - Texas - For use until August 1, 2013. 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.
Beaumont Texas UCC1 Financing Statement serves as an important legal document that reflects a secured transaction between a debtor and a secured party within the jurisdiction of Beaumont, Texas. This statement is governed by the Uniform Commercial Code (UCC) provisions, specifically Article 9, which provides regulation for secured transactions involving personal property. A UCC1 Financing Statement is filed to establish and perfect a security interest in the debtor's personal property, providing notice to other potential creditors or parties who may have an interest in the property. It is a public record and acts as a safeguard for both the debtor and the secured party. By filing a UCC1 Financing Statement, the secured party establishes priority in their claim to the debtor's collateral in case of default or insolvency. The Beaumont Texas UCC1 Financing Statement generally includes essential information such as: 1. Debtor Details: The legal name, address, and contact information of the debtor, typically an individual or a business entity. 2. Secured Party Details: The name, address, and contact information of the secured party, the individual or entity providing the financing or extending credit. 3. Collateral Description: A comprehensive description of the personal property that is being used as collateral, which can include tangible assets like equipment, inventory, or motor vehicles, as well as intangible assets such as accounts receivable or intellectual property. 4. Financing Statement Expiration: The effective period for the financing statement, which is typically five years. 5. Filing Location: The designated filing office where the UCC1 Financing Statement has been submitted, usually with the Secretary of State of Texas or a specified county office, such as the Jefferson County Clerk's Office in Beaumont. Furthermore, there may be specific variations or additional types of Beaumont Texas UCC1 Financing Statements based on the nature of the transaction. These variations typically pertain to specific circumstances or collateral types, and can include: 1. Fixture Filings: When a security interest is being claimed against fixtures, which are personal property items that have become affixed to real estate. 2. Agricultural Liens: Pertaining to security interests in crops, livestock, or equipment used in farming operations. 3. Manufactured Home Statements: Specific to filings related to manufactured or mobile homes serving as collateral. 4. Consigned Goods Statements: Used when a consignor supplies goods to a consignee for the purpose of sale. It is crucial to ensure accurate and detailed completion of the Beaumont Texas UCC1 Financing Statement, as any errors or omissions can lead to complications or challenges to the secured party's rights. Seeking legal advice or consulting the appropriate filing office are recommended to navigate the process successfully and protect the interests of both parties involved.Beaumont Texas UCC1 Financing Statement serves as an important legal document that reflects a secured transaction between a debtor and a secured party within the jurisdiction of Beaumont, Texas. This statement is governed by the Uniform Commercial Code (UCC) provisions, specifically Article 9, which provides regulation for secured transactions involving personal property. A UCC1 Financing Statement is filed to establish and perfect a security interest in the debtor's personal property, providing notice to other potential creditors or parties who may have an interest in the property. It is a public record and acts as a safeguard for both the debtor and the secured party. By filing a UCC1 Financing Statement, the secured party establishes priority in their claim to the debtor's collateral in case of default or insolvency. The Beaumont Texas UCC1 Financing Statement generally includes essential information such as: 1. Debtor Details: The legal name, address, and contact information of the debtor, typically an individual or a business entity. 2. Secured Party Details: The name, address, and contact information of the secured party, the individual or entity providing the financing or extending credit. 3. Collateral Description: A comprehensive description of the personal property that is being used as collateral, which can include tangible assets like equipment, inventory, or motor vehicles, as well as intangible assets such as accounts receivable or intellectual property. 4. Financing Statement Expiration: The effective period for the financing statement, which is typically five years. 5. Filing Location: The designated filing office where the UCC1 Financing Statement has been submitted, usually with the Secretary of State of Texas or a specified county office, such as the Jefferson County Clerk's Office in Beaumont. Furthermore, there may be specific variations or additional types of Beaumont Texas UCC1 Financing Statements based on the nature of the transaction. These variations typically pertain to specific circumstances or collateral types, and can include: 1. Fixture Filings: When a security interest is being claimed against fixtures, which are personal property items that have become affixed to real estate. 2. Agricultural Liens: Pertaining to security interests in crops, livestock, or equipment used in farming operations. 3. Manufactured Home Statements: Specific to filings related to manufactured or mobile homes serving as collateral. 4. Consigned Goods Statements: Used when a consignor supplies goods to a consignee for the purpose of sale. It is crucial to ensure accurate and detailed completion of the Beaumont Texas UCC1 Financing Statement, as any errors or omissions can lead to complications or challenges to the secured party's rights. Seeking legal advice or consulting the appropriate filing office are recommended to navigate the process successfully and protect the interests of both parties involved.