Abstract
Article 9 of the Uniform Commercial Code provides guidelines for securing collateral. Lending institutions utilize these provisions in order to ensure that they will be secured in the collateral of the debtor in case of default or bankruptcy. Specifically, this paper will examine filing against attachments to avoid being unperfected, procuring agreements in order to retain first priority (Intercreditor/Subordination Agreements), perfecting when the primary lender will not cooperate (Purchase Money Security Interest), retaining perfection during name changes, perfection of the correct lender when subleasing, payoff and proper termination of debtor obligations, unique laws- titling and UCC filing required (Wyoming) and proper filing procedures concerning fleet.
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