What’s In a UCC Name Requirement? When to Use Specific and Generic Names

Revisions in the Unified Commercial Code have made collateral descriptions on financial statements simpler. But there are times when only specific names will do. Attorney Jeffrey Wurst explains when a generic name will suffice and when a specific name is critical to ensure a security interest.

CSC to Conduct Survey of UCC Professionals

Corporation Service Company said it is conducting the first-ever comprehensive overview of UCC Article 9 best practices and insights and invites UCC professionals to participate.

‘Good Faith’ in Commercial Transactions — Toward a Uniform Standard

Varying definitions under different UCC Articles can conceivably cause a party to be governed by a different “good faith” standard in the same relationship. As Paul Shur explains, an awareness of these issues and the benefits of a uniform standard should be goals of practitioners and legislators.