What is a UCC-1 financing statement used for?

In fact, it is sometimes called a UCC financing statement. 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.

What is the difference between a fixture filing and financing statement?

A filing on a fixture is a standard UCC-1 financing statement recorded with a secretary of state. It includes the fixture in the description of the collateral. It's important to know it doesn't attach a lien to real estate; you have a subordinate interest to the property owner and other creditors.

What is a UCC-1 fixture filing?

A filing on a fixture is a standard UCC-1 financing statement recorded with a secretary of state. It includes the fixture in the description of the collateral. It's important to know it doesn't attach a lien to real estate; you have a subordinate interest to the property owner and other creditors.

US Legal Forms
Localized Forms
Texas
Dallas
Exhibit to UCC-1 Financing Statement regarding a Fixture Filing for a...

Dallas Texas Exhibit to UCC-1 Financing Statement regarding a Fixture Filing for a Commercial Loan

Name: Dallas Texas Exhibit to UCC-1 Financing Statement regarding a Fixture Filing for a Commercial Loan
Brand: US Legal Forms
Rating: 4.77 (494 reviews)

Category:

Loans and Lending

State:

Multi-State

County:

Dallas

Control #:

US-1177BG

Format:

Instant download

Description

A security interest is an interest in personal property or fixtures that secures payment or performance of an obligation. Personal property is basically anything that is not real property.

How to fill out Dallas Texas Exhibit To UCC-1 Financing Statement Regarding A Fixture Filing For A Commercial Loan?

A document routine always goes along with any legal activity you make. Opening a company, applying or accepting a job offer, transferring property, and many other life scenarios demand you prepare formal documentation that differs from state to state. That's why having it all accumulated in one place is so valuable.

US Legal Forms is the largest online library of up-to-date federal and state-specific legal templates. On this platform, you can easily find and get a document for any individual or business objective utilized in your region, including the Dallas Exhibit to UCC-1 Financing Statement regarding a Fixture Filing for a Commercial Loan.

Locating forms on the platform is extremely straightforward. If you already have a subscription to our service, log in to your account, find the sample through the search bar, and click Download to save it on your device. After that, the Dallas Exhibit to UCC-1 Financing Statement regarding a Fixture Filing for a Commercial Loan will be accessible for further use in the My Forms tab of your profile.

If you are using US Legal Forms for the first time, follow this simple guideline to get the Dallas Exhibit to UCC-1 Financing Statement regarding a Fixture Filing for a Commercial Loan:

Make sure you have opened the proper page with your localised form.
Make use of the Preview mode (if available) and browse through the sample.
Read the description (if any) to ensure the template satisfies your requirements.
Look for another document via the search tab in case the sample doesn't fit you.
Click Buy Now when you find the necessary template.
Select the appropriate subscription plan, then sign in or create an account.
Choose the preferred payment method (with credit card or PayPal) to continue.
Opt for file format and download the Dallas Exhibit to UCC-1 Financing Statement regarding a Fixture Filing for a Commercial Loan on your device.
Use it as needed: print it or fill it out electronically, sign it, and send where requested.

This is the simplest and most reliable way to obtain legal paperwork. All the samples provided by our library are professionally drafted and verified for correspondence to local laws and regulations. Prepare your paperwork and manage your legal affairs effectively with the US Legal Forms!

Form Rating

4.77

Satisfied(494)

Form popularity

FAQ

A fixture filing is the filing of a financing statement that covers goods that are or will become fixtures. These fixtures are goods that are so tied to a certain real property that an interest in them arises under property law.

Fixtures, is defined by UCC Section 92010102(a)(41) as goods that have become so related to particular real property that an interest in them arises under real property law. Under this definition, fixtures have characteristics of both personal property and real property.

In fact, it is sometimes called a UCC financing statement. 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.

On , Texas Governor Rick Perry signed Senate Bill No. 782 into law, thereby making Texas the fifth state to adopt a version of the 2010 uniform amendments to the 1998 version of Article 9 of the Uniform Commercial Code (Revised Uniform Article 9).

A filing on a fixture is a standard UCC-1 financing statement recorded with a secretary of state. It includes the fixture in the description of the collateral. It's important to know it doesn't attach a lien to real estate; you have a subordinate interest to the property owner and other creditors.

UCC stands for Uniform Commercial Code. The Uniform Commercial Code is a uniform law that governs commercial transactions, including sales of goods, secured transactions and negotiable instruments. The Uniform Commercial Code is a comprehensive set of statutes created to provide consistency among the states.

Texas has adopted the following Articles of the UCC: Article 3: Negotiable instruments: UCC Article 3 applies to negotiable instruments. It does not apply to money, to payment orders governed by Article 4A, or to securities governed by Article 8.

Because fixtures are goods, under new section 9-501(a)(2), a security interest in a fixture may be perfected by filing a UCC 1 in the Article 9 records and as to a purchase money security interest in a fixture that constitutes consumer goods perfection is automatic.

Interesting Questions

More info

Annual Report on Form 10-K for the year ended December 31, 2002, filed with the Securities and Exchange Commission. SNDA (Dallas South PTF Financing) DMEAST_38563979(1).See accompanying notes to condensed consolidated financial statements. Statements of Financial Position. Keywords relevant to qpublic henry county ga form.

Dallas Texas Exhibit to UCC-1 Financing Statement regarding a Fixture Filing for a Commercial Loan

Description

Related forms

How to fill out Dallas Texas Exhibit To UCC-1 Financing Statement Regarding A Fixture Filing For A Commercial Loan?

Show more info

Form Rating

Form popularity

FAQ

What is the purpose of a fixture filing?

What is a fixture file?

What is a fixture under UCC?

What is a UCC-1 financing statement used for?

Does Texas adopt UCC?

What is the difference between a fixture filing and financing statement?

What does UCC stand for?

What is a UCC-1 fixture filing?

Does UCC apply in Texas?

Can security interest attach to fixtures?

Interesting Questions

What is a UCC-1 Financing Statement?

Why do I need a UCC-1 Financing Statement for a fixture filing?

What is considered a fixture in the context of a commercial loan?

How does a UCC-1 Financing Statement protect the lender in a fixture filing?

Do I need to file a UCC-1 Financing Statement for every fixture in a commercial property?

What information is required in a UCC-1 Financing Statement for a fixture filing?

More info

Trusted and secure by over 3 million people of the world’s leading companies