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.
The Fort Worth Texas UCC1 Financing Statement is a legal document used in Fort Worth, Texas, to provide notice of a secured party's interest in a debtor's personal property. UCC1 stands for Uniform Commercial Code Form 1, which is a standardized form used across the United States to establish a secured party's priority in collateral. The purpose of the UCC1 Financing Statement is to inform potential creditors and other interested parties about the existence of a security interest on specific personal property belonging to a debtor. This statement is crucial in determining priority among multiple creditors claiming an interest in the same collateral. In Fort Worth, Texas, there are no specific variations in the UCC1 Financing Statement. However, it is important to note that the UCC1 Financing Statement is used in conjunction with other relevant forms and documents to complete a comprehensive secured transaction. These forms may include the UCC1 Addendum, UCC1 Information Statement, and UCC1 Assignment. When filing a UCC1 Financing Statement in Fort Worth, Texas, various essential elements must be included. These elements typically consist of: 1. Debtor Information: The debtor's legal name, mailing address, and relevant organizational information (if applicable) must be provided. It is crucial to accurately identify the debtor to ensure notice to potential creditors. 2. Secured Party Information: The secured party's legal name and mailing address must be provided. This information allows interested parties to identify and communicate with the secured party regarding the collateral's status. 3. Collateral Description: A detailed description of the collateral covered by the UCC1 Financing Statement is required. This can include a general description, specific items, or a broad category of property. The description should be sufficient to identify the collateral without ambiguity. 4. Financing Statement Duration: The duration of the UCC1 Financing Statement should be specified. In Texas, the standard duration is five years; however, parties can extend or terminate the statement before expiration. 5. Filing and Search Fees: Appropriate fees must be paid when filing the UCC1 Financing Statement with the relevant authority. Additionally, fees may apply to conduct searches or obtain certified copies of the statement. By filing a UCC1 Financing Statement, secured parties can establish their priority in a debtor's personal property collateral, providing them with legal rights in case of default or other legal actions. It is crucial to adhere to the specific requirements and guidelines when completing and filing this important document.The Fort Worth Texas UCC1 Financing Statement is a legal document used in Fort Worth, Texas, to provide notice of a secured party's interest in a debtor's personal property. UCC1 stands for Uniform Commercial Code Form 1, which is a standardized form used across the United States to establish a secured party's priority in collateral. The purpose of the UCC1 Financing Statement is to inform potential creditors and other interested parties about the existence of a security interest on specific personal property belonging to a debtor. This statement is crucial in determining priority among multiple creditors claiming an interest in the same collateral. In Fort Worth, Texas, there are no specific variations in the UCC1 Financing Statement. However, it is important to note that the UCC1 Financing Statement is used in conjunction with other relevant forms and documents to complete a comprehensive secured transaction. These forms may include the UCC1 Addendum, UCC1 Information Statement, and UCC1 Assignment. When filing a UCC1 Financing Statement in Fort Worth, Texas, various essential elements must be included. These elements typically consist of: 1. Debtor Information: The debtor's legal name, mailing address, and relevant organizational information (if applicable) must be provided. It is crucial to accurately identify the debtor to ensure notice to potential creditors. 2. Secured Party Information: The secured party's legal name and mailing address must be provided. This information allows interested parties to identify and communicate with the secured party regarding the collateral's status. 3. Collateral Description: A detailed description of the collateral covered by the UCC1 Financing Statement is required. This can include a general description, specific items, or a broad category of property. The description should be sufficient to identify the collateral without ambiguity. 4. Financing Statement Duration: The duration of the UCC1 Financing Statement should be specified. In Texas, the standard duration is five years; however, parties can extend or terminate the statement before expiration. 5. Filing and Search Fees: Appropriate fees must be paid when filing the UCC1 Financing Statement with the relevant authority. Additionally, fees may apply to conduct searches or obtain certified copies of the statement. By filing a UCC1 Financing Statement, secured parties can establish their priority in a debtor's personal property collateral, providing them with legal rights in case of default or other legal actions. It is crucial to adhere to the specific requirements and guidelines when completing and filing this important document.
