Financing Statement Additional Party form for adding additional Debtors or Secured Parties to Financing Statements (Form UCC1).
Mecklenburg North Carolina UCC1 Financing Statement Additional Party refers to a legal document that is filed to perfect a security interest in personal property under the Uniform Commercial Code (UCC). It allows the creditor to establish its priority in case the debtor defaults or files for bankruptcy. In Mecklenburg County, North Carolina, there are different types of UCC1 Financing Statement Additional Parties, including: 1. Individual Additional Party: An individual who is added as an additional party to the UCC1 Financing Statement. They might be co-borrowers or guarantors providing additional security for the debt. 2. Corporate Additional Party: A corporation or a company that is added as an additional party to the UCC1 Financing Statement. This could be a subsidiary or associated entity offering additional assurances for the debt. 3. Partnership Additional Party: A partnership or a limited liability company (LLC) that is added as an additional party to the UCC1 Financing Statement. Joint ventures or affiliated partnerships could be included in this category. 4. Trust Additional Party: A trust entity, such as a revocable or irrevocable trust, that is added as an additional party to the UCC1 Financing Statement. This could be a way to secure the debt using trust assets. 5. Governmental Additional Party: A government agency or a public entity that is added as an additional party to the UCC1 Financing Statement. This could be for securing loans or financing related to government projects or initiatives. 6. Estate Additional Party: An estate or probate entity that is added as an additional party to the UCC1 Financing Statement. This could be relevant for securing debts related to inherited property or estate planning purposes. When filing a Mecklenburg North Carolina UCC1 Financing Statement, it is essential to provide accurate and detailed information about the additional party, including their legal name, address, and any relevant identifiers such as social security numbers or employer identification numbers. Overall, the Mecklenburg North Carolina UCC1 Financing Statement Additional Party reflects the diversity of parties involved in securing personal property under the UCC.
