UCC Article 9 Update on Searching and Filing: Best Practices for Secured Lenders

A live 90-minute premium CLE video webinar with interactive Q&A


Thursday, December 16, 2021

1:00pm-2:30pm EST, 10:00am-11:30am PST

Early Registration Discount Deadline, Friday, November 19, 2021

or call 1-800-926-7926

This CLE course will outline best practices for secured lenders regarding filing and searching methods under the Article 9 filing rules. The program will also address recent case law developments.

Description

Critical Article 9 amendments promulgated in 2010, and which went into effect in 2013, include clarification of the debtor's name on a financing statement (especially for an individual) and an expanded definition of "registered organization." The amendments also provide clarity on filing rules for trusts, greater protection for after-acquired assets if the debtor changes location or merges, and modification of the national form of the financing statement.

In light of the amendments and recent case law developments, UCC practitioners must be aware of the potential pitfalls of the revised procedures and exercise due diligence to ensure that security interests are properly perfected and priority protected.

Listen as our authoritative panel of attorneys discusses the key provisions of the UCC Article 9 secured lending rules, focusing on changes in filing procedures, searching methods, and due diligence practices, as well as recent court decisions. The panel will discuss recent case law developments and outline best practices for lenders operating under the amended rules.

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Outline

  1. The 2010 Article 9 amendments
    1. Filing procedures
    2. Filing rules for trusts
    3. Searching methods
    4. Debtor's name
    5. Change in debtor's location or merger
    6. National forms
  2. New York non-uniform provisions
  3. Recent case law developments
  4. Pitfalls and traps for the unwary
  5. Due diligence practices for secured lenders

Benefits

The panel will review these and other key issues:

  • What were the fundamental changes in the UCC Article 9 amended rules related to searching and filing?
  • What are some lessons from operating under the amended rules and recent litigation and court decisions?
  • How are UCC practitioners managing search, filing, and monitoring responsibilities after the amendments?

Faculty

Smith, Edwin
Edwin E. Smith

Partner
Morgan, Lewis & Bockius

Mr. Smith concentrates his practice in commercial law, debt financings, structured financings, workouts, bankruptcies,...  |  Read More

Weise, Steven
Steven O. Weise

Partner
Proskauer Rose

Mr. Weise practices in all areas of commercial law and has extensive experience in financing, especially in those...  |  Read More

Attend on December 16

Early Discount (through 11/19/21)

Cannot Attend December 16?

Early Discount (through 11/19/21)

You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. Strafford will process CLE credit for one person on each recording. All formats include course handouts.

To find out which recorded format will provide the best CLE option, select your state:

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