UCC Creation, Perfection and Priority of Security Interests

Resource type: Practice Note

Status: Maintained

Jurisdiction: USA

A discussion on the issues relating to the creation of a UCC security interest in personal property, the different methods of perfection of that security interest and the priorities of security interests under the UCC.

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Resource ID: 6-381-0551
Products: PLC US Finance, PLC US Intellectual Property & Technology, PLC US Law Department, PLC US Real Estate
This resource is maintained, meaning that we monitor developments on a regular basis and update it as soon as possible.

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Related content

Topics

IP and IT in Corporate TransactionsIP and IT in Corporate Transactions (http://us.practicallaw.com/4-506-0497)
Lending: GeneralLending: General (http://us.practicallaw.com/0-380-7405)
Real EstateReal Estate (http://us.practicallaw.com/4-500-0074)
Real Estate Finance and InvestmentReal Estate Finance and Investment (http://us.practicallaw.com/9-103-2086)
SecuritySecurity (http://us.practicallaw.com/7-380-7402)

Practice Note: Overview

Security Agreement: Overview Security Agreement: Overview (http://uslf.practicallaw.com/topic0-381-0549)
Security: Overview Security: Overview (http://uslf.practicallaw.com/topic8-381-0550)

Practice Notes

Finance Fundamentals: Security Interests v. Other Liens Finance Fundamentals: Security Interests v. Other Liens (http://uslf.practicallaw.com/topic6-520-2472)
Proposed 2010 Amendments to UCC Article 9 Proposed 2010 Amendments to UCC Article 9 (http://uslf.practicallaw.com/topic1-503-4438)
Proposed 2010 Amendments to UCC Article 9: State-by-state Adoption Proposed 2010 Amendments to UCC Article 9: State-by-state Adoption (http://uslf.practicallaw.com/topic6-518-7184)
Purchase Money Security Interests (PMSI) Purchase Money Security Interests (PMSI) (http://uslf.practicallaw.com/topic1-515-2196)
Security and Guaranties: Release Security and Guaranties: Release (http://uslf.practicallaw.com/topic6-381-2932)
Security Interests: Aircraft, Vessels and Rolling Stock Security Interests: Aircraft, Vessels and Rolling Stock (http://uslf.practicallaw.com/topic2-519-3295)
Security Interests: Cross-border Issues Security Interests: Cross-border Issues (http://uslf.practicallaw.com/topic8-508-3166)
Security Interests: Deposit Accounts Security Interests: Deposit Accounts (http://uslf.practicallaw.com/topic8-382-8183)
Security Interests: Health-care-insurance Receivables Security Interests: Health-care-insurance Receivables (http://uslf.practicallaw.com/topic5-522-9245)
Security Interests: Intellectual Property Security Interests: Intellectual Property (http://uslf.practicallaw.com/topic5-383-5929)
Security Interests: Investment Property Security Interests: Investment Property (http://uslf.practicallaw.com/topic8-382-3067)
Security Interests: LLC and LP Interests Security Interests: LLC and LP Interests (http://uslf.practicallaw.com/topic6-520-9317)
UCC Issues: Agents and DACA UCC Issues: Agents and DACA (http://uslf.practicallaw.com/topic6-523-2313)
UCC: Conducting and Reviewing UCC Searches UCC: Conducting and Reviewing UCC Searches (http://uslf.practicallaw.com/topic5-506-5300)
UCC: Maintaining Perfection Post-closing UCC: Maintaining Perfection Post-closing (http://uslf.practicallaw.com/topic1-517-3047)
UCC: Preparing and Filing Financing Statements UCC: Preparing and Filing Financing Statements (http://uslf.practicallaw.com/topic4-506-4787)

Standard Documents

Copyright Security Agreement (Short-form) Copyright Security Agreement (Short-form) (http://uslf.practicallaw.com/topic2-506-9922)
Deposit Account Control Agreement Deposit Account Control Agreement (http://uslf.practicallaw.com/topic8-383-3165)
Intercompany Note Intercompany Note (http://uslf.practicallaw.com/topic1-520-1012)
Legal Opinion for Secured Loans Legal Opinion for Secured Loans (http://uslf.practicallaw.com/topic2-503-1934)
LLCs/LPs: Assignment of LLC/LP Interests (Short-form) LLCs/LPs: Assignment of LLC/LP Interests (Short-form) (http://uslf.practicallaw.com/topic7-521-6949)
LLCs/LPs: Issuer Control Agreement LLCs/LPs: Issuer Control Agreement (http://uslf.practicallaw.com/topic2-521-8724)
Note Power Note Power (http://uslf.practicallaw.com/topic7-382-8188)
Patent Security Agreement (Short-form) Patent Security Agreement (Short-form) (http://uslf.practicallaw.com/topic1-506-9121)
Payoff Letter Payoff Letter (http://uslf.practicallaw.com/topic2-381-2934)
Perfection Certificate Perfection Certificate (http://uslf.practicallaw.com/topic6-382-7146)
Pledge Agreement Pledge Agreement (http://uslf.practicallaw.com/topic0-501-1550)
Securities Account Control Agreement Securities Account Control Agreement (http://uslf.practicallaw.com/topic9-383-8860)
Security Agreement Security Agreement (http://uslf.practicallaw.com/topic9-383-2165)
Security Agreement: All Assets (Short-form) Security Agreement: All Assets (Short-form) (http://uslf.practicallaw.com/topic7-505-6173)
Stock Pledge Agreement (Short-form) Stock Pledge Agreement (Short-form) (http://uslf.practicallaw.com/topic8-504-1440)
Stock Power Stock Power (http://uslf.practicallaw.com/topic4-382-7147)
Trademark Security Agreement (Short-form) Trademark Security Agreement (Short-form) (http://uslf.practicallaw.com/topic3-506-8984)
UCC-1 Financing Statement UCC-1 Financing Statement (http://uslf.practicallaw.com/topic7-384-6804)

Checklists

Perfection Steps Checklist Perfection Steps Checklist (http://uslf.practicallaw.com/topic2-382-8845)
UCC Filing Perfection Maintenance Checklist UCC Filing Perfection Maintenance Checklist (http://uslf.practicallaw.com/topic1-519-4747)
UCC Financing Statements Preparation and Filing Checklist UCC Financing Statements Preparation and Filing Checklist (http://uslf.practicallaw.com/topic4-506-7074)