Search for: "UNIFORM COMMERCIAL CODE "UCC""
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7 May 2021, 11:08 am
For example, commercial law was modernized in the 1950s when the Uniform Commercial Code (UCC) was published as a model act. [read post]
22 Apr 2021, 7:16 am
As revised, the Virtual Currency Bill takes a thoughtful and narrow approach to amending the Texas version of the Uniform Commercial Code (UCC) by inserting a new definition of “virtual currency” under a new Chapter 12. [read post]
19 Apr 2021, 4:21 am
However, as you might have learned in In re First River Energy, the Delaware Uniform Commercial Code did not recognize the priority of Texas producers’ unfiled, unperfected security interests in proceeds under Texas Business and Commerce Code Section 9.343. [read post]
17 Mar 2021, 11:41 am
Dealing with competing liens and quantifying risk is nothing new to lenders, but the problem posed by agricultural liens is that they often are not searchable (no public filing is required), yet they often are senior in lien priority to conventional Uniform Commercial Code (UCC) security interests. [read post]
18 Feb 2021, 7:14 am
In a recent decision, the Seventh Circuit provided guidance for interpreting the “adequate assurances” provision of Section 2-609 of the Uniform Commercial Code. [read post]
10 Dec 2020, 10:27 am
This multi-volume treatise focuses on the sections under the Uniform Commercial Code (UCC) governing sales. [read post]
2 Dec 2020, 12:46 pm
Dick and Amy have particular experience defending banks in disputes arising under Articles 3, 4, and 4A of the Uniform Commercial Code (UCC). [read post]
10 Nov 2020, 3:23 pm
The issues faced by new commercial enterprises (“NCEs”) with loans to or equity investments in EB-5 Projects that are in default are particularly challenging for two reasons. [read post]
10 Nov 2020, 11:27 am
Specifically, Article 3 of the Uniform Commercial Code (UCC), which governs bank notes, has never before been directly extended to electronic negotiable instruments such as digital bank notes. [read post]
9 Nov 2020, 4:00 am
Uniform Commercial Code (UCC) Filings – UCC filings are recorded when businesses receive financing that is secured by assets such as equipment, inventory, accounts receivable, furniture, or fixtures. [read post]
5 Oct 2020, 4:21 pm
This is, particularly, true when the assets are difficult to place a value on or the asset is a unique asset or business.Distressed Asset Opportunities via Sales under the UCCIn a UCC Sale, the secured creditor’s exercise its right to foreclose its collateral via either a public or private sale under the Uniform Commercial Code and applicable local law. [read post]
23 Sep 2020, 7:14 am
The lender can issue notices under the Uniform Commercial Code (UCC), which is integrated into New York law, and have an auction sale under the UCC rules, without going to Court. [read post]
24 Aug 2020, 4:08 am
Oral stock sale or transfer agreements used to be unenforceable under Section 8-319 of the Uniform Commercial Code (the “UCC”). [read post]
16 Aug 2020, 12:02 pm
You agree that the solar panel system is the Company’s personal property under the Uniform Commercial Code. [read post]
12 Aug 2020, 7:31 am
A default under the loan secured by a pledge of the borrower’s ownership interest (stock, membership interest, or partnership interest) could permit the lender to acquire ownership of the property by acquiring ownership of the entity owning the property through a Uniform Commercial Code (UCC) foreclosure proceeding.These nonjudicial remedies may include either a public or private sale, which can, in most cases, be accomplished in as little as 30 to 60… [read post]
8 Aug 2020, 2:29 pm
They argued that the Ohio legislature did not demonstrate an intent for the statutory provisions to be “cumulative” to common law, citing cases arising under the Uniform Commercial Code (UCC). [read post]
12 Jul 2020, 9:39 pm
Black Diamond then filed suit against Kincaid and the Company.Kincaid moved for summary judgment and asserted that she was a protected purchaser of the share under the Utah Uniform Commercial Code. [read post]
29 Jun 2020, 2:41 am
The situation is slightly different in the US, where the American Uniform Commercial Code (UCC) also espoused, in addition to frustration, the doctrine of impracticability. [read post]
21 May 2020, 6:49 am
The Appeals Court affirmed summary judgment by the Massachusetts Superior Court dismissing the firm’s claims against the bank for negligence and breach of the California Uniform Commercial Code. [read post]
18 May 2020, 6:33 pm
Most force majeure clauses (and courts interpreting them) require the party invoking the clause to have adequately planned for events of force majeure and mitigated the event to the extent commercially reasonable. [read post]
