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Security Interests in Uncommon Collateral: IP, Insurance Policies, Agricultural Products, Maritime Vessels

Navigating Attachment, Perfection, and Priority Under the UCC, Federal and State Law

Recording of a 90-minute premium CLE video webinar with Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Conducted on Thursday, May 12, 2022

Recorded event now available

or call 1-800-926-7926

This CLE course will examine the attachment and perfection of security interests in various types of unusual collateral. The panel will discuss the laws and protocols beyond Article 9 of the UCC that come into play when perfecting interests in trademarks, copyrights, insurance policies, agricultural produce, securities, maritime vessels, and motor vehicles.

Description

Security interests in "uncommon" collateral raise complex issues under both UCC Article 9 and other state and federal laws. Although the UCC governs the creation and perfection of security interests in collateral, other statutes, regulations, or treaties can supersede or preempt the UCC.

The interplay of federal and state laws can impact the perfection of security interests in intellectual property and unique collateral such as maritime vessels, motor vehicles, and railroad cars. Security interests in insurance policies and investment property also have unique treatment. Farm produce and the proceeds thereof present special federal and state law issues as well.

Counsel must understand the specific considerations for such uncommon collateral to best protect their clients' interests.

Listen as our panel of corporate finance practitioners explains best practices for advising clients on creating and perfecting security interests in uncommon collateral. The panelists will offer their perspectives and experiences on navigating the complex and unique issues that arise under Article 9 and other pertinent statutes, regulations, and treaties.

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Outline

  1. Creating and perfecting security interests in uncommon collateral under the UCC
  2. Special issues governed by other statutes, regulations, and treaties
    1. Intellectual property
    2. Insurance policies and proceeds
    3. Agricultural products
    4. Motor vehicles
    5. Maritime vessels
  3. Resolving issues involving preemption or superseding law
  4. Pitfalls to avoid and best practices

Benefits

The panel will review these and other key questions:

  • What uncommon collateral can be subject to federal or state law impacting methods of creation and perfection of secured interests?
  • What are the potential pitfalls for secured parties seeking attachment, perfection, and priority of secured interests in uncommon collateral?
  • What are the superseding or preemption issues that counsel should understand?

Faculty

Ennis, Daniel
Daniel H. Ennis

Partner
Parker Hudson Rainer & Dobbs

Mr. Ennis is a banking attorney with a singular focus on closing lending transactions. He has worked with banks,...  |  Read More

Hodnefield, Paul
Paul Hodnefield

Associate General Counsel
Corporation Service Company

Mr. Hodnefield is a frequent speaker on Revised Article 9 search and filing issues who has written several articles and...  |  Read More

Kirby, Dean
Dean T. Kirby, Jr.

Principal
Kirby & McGuinn

Mr. Kirby represents lenders, creditors and fiduciaries in bankruptcy, foreclosure commercial collection,...  |  Read More

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