Understanding UCC Article 9: How Secured Transactions Work in the United States
Автор: Cogency Global EMEA
Загружено: 2025-12-16
Просмотров: 27
Описание:
If you conduct business in the United States, you will come across the Uniform Commercial Code. The UCC creates a consistent commercial framework across all US states, helping companies transact with clarity when buying, selling, borrowing or securing assets.
At the centre of this structure is Article 9, which governs secured transactions. When a company borrows money and pledges its assets as collateral, a UCC-1 financing statement is filed with the Secretary of State. This creates a public record that helps lenders evaluate risk and determine priority between creditors.
A clear understanding of this process supports smoother secured transactions and helps businesses operate with confidence in the US market.
If you need help with UCC searches or filings, learn more at:
https://www.cogencyglobal.co.uk/servi...
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