Understand This Technical Area with Expert Advice

With this book, you will:

• Use the right method to perfect security interests in all types of collateral, including intangible items
• Know where, when, and how to file financing statements, and what to do if a false or fraudulent financing statement is filed
• Correctly determine which security interest has priority and the rights of third parties
• Know the rights of secured parties on default and consequences for noncompliance with UCC Article 9’s enforcement requirements
• Spot and understand non-UCC statutory liens on tools, molds, and special equipment, as well as those for garage keepers, artisans, self-storage facilities, and boatyards

Highlights of the latest update include:

• New federal caselaw regarding perfection of security interests and third-party rights
• New federal and state caselaw regarding priority of security interests
• New state caselaw regarding commercial reasonableness and the Michigan Marina and Boatyard Storage Lien Act