There may be legal professionals who expect that the 2010 Amendments to UCC Article 9 (the Amendments) will finally do away with all those pesky non-uniform filing requirements that states have enacte…
Non-Uniform Filing Rules Will Remain Despite the 2010 Amendments to UCC Article 9
In Brief
- Few states used the 2010 Amendments to UCC Article 9 enactment process to replace nonuniform filing provisions, which pose risks for UCC filers because they are not always obvious.
- The best way to limit such risk is to carefully review the statutory requirements prior to filing in a particular state and never assume that the filing requirements are entirely uniform.
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