UCC Recent Developments: Practical Implications for Lenders' Security Interests
Evaluating Impact on Mortgage Notes, Treatment of LLPs, Anti-Assignment Terms on Security Interests, and Recent Case Law
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will review the practical implications of recent UCC developments on lenders’ security interests. The panel will discuss the impact on mortgage notes, treatment of limited liability partnerships, anti-assignment terms on security interests, recent case law, and a summary of the status of the 2010 Amendments to Article 9.
Outline
- Impact of the UCC on the transfer and enforcement of real estate mortgage notes
- Treatment of limited liability partnerships under the choice of law provisions of Article 9
- Effect of anti-assignment terms on security interests in partnership and LLC interests
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Recent case law developments
- Sufficiency of a debtor name on a financing statement
- Sufficiency of collateral descriptions
- Perfection by filing with multiple debtors
- Proceeds
- Cross-border transactions
- Status of 2010 Amendments to Article 9
Benefits
The panel will review these and other key questions:
- What is the impact of the UCC changes on the transfer and enforcement of real estate mortgage notes?
- How do recent UCC developments affect anti-assignment terms on security interests in partnership and limited liability company interests?
- What key recent case law trends should be noted by counsel?
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
Faculty
Edwin E. Smith
Partner
Morgan Lewis & Bockius
Mr. Smith focuses his practice in general corporate and commercial law, debt financings, structured financings,... | Read More
Mr. Smith focuses his practice in general corporate and commercial law, debt financings, structured financings, workouts, bankruptcies, and international transactions. He actively participated in the drafting of a number of the recent revisions to the Uniform Commercial Code (UCC). He is a frequent speaker for bar and trade organizations.
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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
Mr. Weise practices in all areas of commercial law and has extensive experience in financing, especially in those secured by personal property, including structured financing. He is regarded as one of the foremost authorities on Article 9 of the UCC. He is a member of the Permanent Editorial Board for the UCC and a member of the American Law Institute’s UCC Article 9 Drafting Committee. Mr. Weise is also the past chair of the American Bar Association’s Business Law Section Legal Opinions Committee.
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