com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Stacia Wells, Senior Attorney, Bilzin Sumberg Baena Price & Axelrod LLP will speak at the Knowledge Group's webcast entitled: “UCC Article 9 - Effect on Secured Transactions for Enforcing Security Interests
There is no limit back ward in time of the "suspect period" (the period by reference to which certain transactions may be subject to avoidance), nor is there a so-called "hardening" period before or after which a security interest
or payments made by a balance sheet insolvent debtor may be deemed valid and immune from claw-back.
Thus, the proper perfection of a security interest
in IP depends on whether federal law preempts the UCC requirements.
However, international banks will be reluctant to provide financing without an adequate security package that grants a first-priority security interest
in the debtor's assets.
Sabol, sued Morton Community Bank to obtain a determination that the bank did not have a valid security interest
in sound equipment owned by Mr.
However, obtaining meaningful protection from a security interest
requires an understanding of the subject intellectual property, as well as an understanding of the requirements for perfection of the security interest
Increasingly, these countries are not just consumers of assistance but contributors to our global security interests
Revised Article 9 invalidates contractual restrictions against the creation, attachment, or perfection of a security interest
in a general intangible.
A cooperative organization security interest
becomes perfected when the cooperative interest first comes into existence, and remains perfected as long as the cooperative interest exists.
Readers who use e-commerce, who have made investments in dot-coms and take a security interest
in property to guarantee payment would be well advised to consult their legal counsel.
The property being sold may be subject to security interest
liens and third-party encumbrances.
Revised Article 9 seeks greater certainty through two techniques, ALT said, including expanding the scope of property and transactions covered by the Article, and simplifying and clarifying the rules for creation, priority, and enforcement of a security interest
The revisions to Article 9, however, set forth a definitive procedure whereby a secured party can (and should) perfect his or her security interest
in such "security accounts" by exercising "control" over such accounts.
Lenders with a security interest
in property or lenders that had acquired title to the property through foreclosure or other means primarily for the purpose of protecting a security interest
would not be subject to liability.
All cases on Superfund lender liability based on lender classification as owner or operator have involved an interpretation of Superfund's security interest