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.
Killeen Texas UCC1 Financing Statement is a legal document that serves as a notice to secure an interest in specific assets. It is filed with the Texas Secretary of State's office to publicly disclose a creditor's claim over collateral provided by a debtor. This statement is established under the Uniform Commercial Code (UCC) provisions, which aims to harmonize commercial laws across the United States. In Killeen, Texas, there are various types of UCC1 Financing Statements available, each addressing specific scenarios and types of collateral. Some notable ones are: 1. General UCC1 Financing Statement: This is the most common type of filing that covers a wide range of collateral, such as equipment, inventory, accounts receivable, and general intangibles. It provides a broad security interest to the creditor over the debtor's assets. 2. Specific UCC1 Financing Statement: As the name suggests, this filing applies to a specific collateral item, such as a vehicle, heavy machinery, or intellectual property. It is used when the creditor wants to secure their interest in a particular asset, rather than obtaining a general lien over all the debtor's assets. 3. Agricultural UCC1 Financing Statement: This type of statement is specific to agricultural collateral like crops, livestock, and farming equipment. It helps creditors secure their interest in these specialized assets important to agricultural operations. 4. Fixture UCC1 Financing Statement: When collateral is a fixture attached to real estate, such as machinery incorporated into a building, this statement is used to indicate the creditor's security interest. It is often employed in construction or renovation projects where significant assets become fixtures of the property. All of these Killeen Texas UCC1 Financing Statements require specific information to be included, such as the debtor’s name and address, the secured party's information, a detailed description of the collateral, and any relevant financing terms or agreements. Once filed, these statements become part of the public record, providing notice to potential lenders or interested parties about the creditor's claim over the specified collateral. It is crucial to consult legal professionals or professionals well-versed in Uniform Commercial Code regulations to ensure accurate and compliant filing of a Killeen Texas UCC1 Financing Statement, as requirements and procedures may vary.Killeen Texas UCC1 Financing Statement is a legal document that serves as a notice to secure an interest in specific assets. It is filed with the Texas Secretary of State's office to publicly disclose a creditor's claim over collateral provided by a debtor. This statement is established under the Uniform Commercial Code (UCC) provisions, which aims to harmonize commercial laws across the United States. In Killeen, Texas, there are various types of UCC1 Financing Statements available, each addressing specific scenarios and types of collateral. Some notable ones are: 1. General UCC1 Financing Statement: This is the most common type of filing that covers a wide range of collateral, such as equipment, inventory, accounts receivable, and general intangibles. It provides a broad security interest to the creditor over the debtor's assets. 2. Specific UCC1 Financing Statement: As the name suggests, this filing applies to a specific collateral item, such as a vehicle, heavy machinery, or intellectual property. It is used when the creditor wants to secure their interest in a particular asset, rather than obtaining a general lien over all the debtor's assets. 3. Agricultural UCC1 Financing Statement: This type of statement is specific to agricultural collateral like crops, livestock, and farming equipment. It helps creditors secure their interest in these specialized assets important to agricultural operations. 4. Fixture UCC1 Financing Statement: When collateral is a fixture attached to real estate, such as machinery incorporated into a building, this statement is used to indicate the creditor's security interest. It is often employed in construction or renovation projects where significant assets become fixtures of the property. All of these Killeen Texas UCC1 Financing Statements require specific information to be included, such as the debtor’s name and address, the secured party's information, a detailed description of the collateral, and any relevant financing terms or agreements. Once filed, these statements become part of the public record, providing notice to potential lenders or interested parties about the creditor's claim over the specified collateral. It is crucial to consult legal professionals or professionals well-versed in Uniform Commercial Code regulations to ensure accurate and compliant filing of a Killeen Texas UCC1 Financing Statement, as requirements and procedures may vary.