How a UCC-3 Can Perfect a Security Interest by Amending the UCC-1

Categories
Constitution, Education, Intangibles, News, Remedy, Securities, Sovereigns, Strawman/Artifical Entity/Legal Fiction, Trust, Wealth

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.

The Dual Realms of Public Debt and Private Credit: Understanding the Unseen Financial Divide

Categories
Business, Law/Legal, Legal, News

In the realm of financial obligations, there is a fundamental principle that separates the tangible from the intangible, the government-created […]