We’ve all heard the various sayings about 5% of the world’s population holding 95% of the world’s wealth but […]
Part 1 (text to audio) Part 2 (text to audio) Part 3 (text to audio) In 1913 the United […]
Before the 14th amendment [sic] in 1868: A citizen of any one of the States of the union, is […]
Article III, Section 2, Clause 1: The judicial Power shall extend to all Cases, in Law and Equity, arising under […]
A UCC-3 Amendment allows secured parties to update an existing UCC-1 Financing Statement to include additional collateral. This process ensures that the newly added assets are perfected and legally protected under the original filing. By amending rather than filing a new UCC-1, the secured party maintains the continuity of the original filing while expanding its scope. The amendment must clearly describe the new collateral and be filed in the appropriate jurisdiction to ensure the perfection of the security interest. This approach streamlines the process while securing the updated assets.