Cover
About the Materials
Table of Contents
Overview
Important Terms
A Simple Secured Transaction
OUTLINE-UCC Default Provisions
PROBLEMS-Unsecured Creditors
PROBLEMS-Introduction to the Security Interest ; *** Online Version
PROBLEMS-Introduction to the Filing System
PROBLEMS-Debtor Location
PROBLEMS-Filing Follies
PROBLEMS-Priority
PROBLEMS-Purchase Money
PROBLEMS-Leases

SPECIFIC TYPES OF COLLATERAL:

Deposit Accounts:

OUTLINE-Security Interests in Deposit Accounts
Document-Deposit Account Ltr Agreement

WEB: Initial Report of the Joint Task Force on Deposit Account Control Agreements, By the Joint Task Force on Deposit Account Control Agreements, ABA Section of Business Law (2006) available at: http://meetings.abanet.org/webupload/commupload/CL710060/otherlinks_files/int14.PDF

WEB: Additional Report By the Joint Task Force on Deposit Account Control Agreements, ABA Section of Business Law (2009) available at: http://meetings.abanet.org/webupload/commupload/CL710060/otherlinks_files/AdditionalReport.pdf

Investment Property:

OUTLINE-Security Interests in Stock Certificates
Document-Short Pledge Agreement
Document-Securities Control Agreement

WEB: Perfecting Security Interests in Deposit Accounts, Securities Accounts and Other Investment Property, Establishing Control Under the UCC to Perfect Security Interests in Special Collateral Types available at: http://media.straffordpub.com/products/perfecting-security-interests-in-deposit-accounts-securities-accounts-and-other-investment-property-2011-10-26/reference-material.pdf

PROBLEMS-Security Interests in Investment Property; ***Online Version

Intellectual Property:

OUTLINE-Security Interests in Intellectual Property
Document-Model Intellectual Property Security Agreement Initial Working Draft (08/02/2012),  prepared by the Model Intellectual Security Agreement Task Force, a joint project of the Commercial Finance Committee  and the Uniform Code Committee of  the American Bar  Association Section of Business Law.
Document-Copyright Security Agreement (Frederick's of Hollywood)
Document-Trademark Security Agreement (Frederick's of Hollywood)
PROBLEMS-Security Interests in Intellectual Property

ALTERNATE METHODS FOR CREDITORS TO OBTAIN PRIORITY:

OUTLINE-Using Legal Entities to Create Priority
PROBLEM-The Consolidated Howell Companies  ***Online Version
OUTLINE-Subordinated Debt
Document-Subordination Language from Indenture

WEB: Report of the Model First Lien/Second Lien Intercreditor Agreement Task Force, By the Committee on Commercial Finance, ABA Section of Business Law available at:
meetings.abanet.org/webupload/commupload/CL190029/sitesofinterest_files/ModelIntercreditorAgreement.pdf

PROBLEM-Subordination and the Assets of Widget Company  ***Online Version

STUDY OF A COMPLETE SECURED TRANSACTION:

OUTLINE-Loan and Security Agreement Covenants

Document-LOAN AND SECURITY AGREEMENT (including Advance Request, Secured Term Promissory Note, Certificate re: Name, Locations, and other Information for Borrower, Compliance Certificate, Guarantee Agreement, ACH Debit Authorization Agreement)  ***Read Online Annotated Version

Legal Opinions:

WEB: Special Report of The TriBar Opinion Committee: U.C.C. Security Interest Opinions—Revised Article 9, available at:
 http://apps.americanbar.org/buslaw/tribar/materials/20050303000011.pdf

Document: Security Interest Legal Opinion  ****Read Online Annotated Version  ****Summary of Annotations

Miscellaneous:

Document: Transmittal Letter Requesting Information from Borrower
Document: Officer's Certificate re: Investment Company Act & Public Utility Holding Company Act

CASE STUDY OF A DRAFTING AND NEGOTIATION ISSUE OUTLINE: Mandatory Prepayments

SELECTED ISSUES FOR SECURITY INTERESTS IN BANKRUPTCY

OUTLINE-Understanding Preferential Transfers
Problems-Security Interests in Bankruptcy  ****Online Version

The links below may be of help to you in your study of business and commercial law topics:

Review the Florida statutes on line.  Find Florida Statutes.  The Florida UCC is in Title XXXIX  which governs commercial relations.  Article 9 appears as Chapter 679.  Beware of the Florida UCC numbering system.  It differs from that of the Model UCC.