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https://incorporated.zone/ucc-1/
The UCC 1 is typically filed by the lender when granting you a loan. The filing will be done in the state where you reside or where your company was incorporated or organized. When the filing is done, the creditor will have “perfected its security interest” on the collateral property and can claim rights against it.
https://www.investopedia.com/terms/u/ucc-1-statement.asp
A UCC-Uniform Commercial Code-1 statement is a legal notice filed by creditors in an effort to publicly declare their right to seize assets of …
https://www.valuepenguin.com/small-business/what-is-ucc-1-filing
If you're approved for a small-business loan, a lender might file a UCC financing statement, also known as a UCC-1 filing. This is just a legal form that allows the lender to announce a lien on a secured loan. That means the lender is free to seize, foreclose upon or even sell the underlying collateral if you fail to repay your loan.
https://www.law.cornell.edu/ucc/1
U.C.C. - ARTICLE 1 - GENERAL PROVISIONS (2001) PART 1. GENERAL PROVISIONS § 1-101. Short Titles. § 1-102. Scope of Article. § 1-103. Construction of [Uniform Commercial Code] to Promote its Purposes and Policies: Applicability of Supplemental Principles of Law. § 1-104. Construction Against Implied Repeal. § 1-105. Severability. § 1-106.
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