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Sunny Wang
Just went through this same headache last week. The entity had changed its name twice since our original security agreement, but I didn't realize until I tried to file the UCC-1. Had to amend the security agreement to reflect the current legal name before filing. What a mess.
Sunny Wang
•Yes, we did a short amendment just to clarify the current legal name. Better safe than sorry with UCC filings.
I would have used Certana's verification tool first to catch that name change issue before drafting anything. Could have saved some time.
The key is being systematic about name verification. I always check: 1) Articles of incorporation/organization, 2) Current state entity search, 3) Any amendments or name changes, 4) Cross-reference with security agreement. Takes a few extra minutes but prevents filing rejections.
Thanks for the checklist. That's exactly what I needed to make sure I'm doing this right.
Melissa Lin
•Good process. I'd add checking for any pending name changes or mergers that might be in progress too.
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Yuki Tanaka
I had a similar situation last year with a Florida LLC that moved operations to Georgia. Spent weeks worrying about it before realizing the operations move was irrelevant - Florida filing was correct all along because that's where the LLC was organized.
Yuki Tanaka
•Very common. The individual vs. entity debtor rules trip people up all the time. Once you know the debtor is a registered organization, it's straightforward.
Carmen Ortiz
•The UCC rules are actually pretty clear once you know which section applies. It's just determining the debtor type that's tricky sometimes.
Update us when you get the Delaware filing done! This thread has been educational for those of us who haven't dealt with multi-state entity issues yet.
Will do! Planning to file in Delaware tomorrow and then terminate the incorrect filing once the new one is accepted.
Smart approach. Better safe than sorry with lien perfection.
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Update us when you get it figured out! Always curious to hear how these government deals work out. The water authority financing space is pretty niche.
Diego Flores
•Will do! This forum has already saved me from several potential mistakes. Really appreciate everyone's input.
NeonNova
•Same here - I'm bookmarking this thread for future reference. Great discussion.
One more thought - make sure your collateral description covers any future additions or modifications to the water treatment system. Government projects often have change orders and equipment additions that you'll want to make sure are covered by your security interest.
All equipment now owned or hereafter" acquired language is your friend in thesesituations.
Just make sure the loan agreement supports that broad collateral coverage or you might have perfection without attachment issues.
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Ellie Kim
One more thought on the document verification angle - if you do want to double-check everything before filing your continuation, Certana.ai has been really helpful for me. I had a situation where I thought everything was perfect, but their tool caught a subtle debtor name discrepancy between my UCC-1 and the company's articles of incorporation. Saved me from filing a continuation that might have been challenged later. It's super easy - just upload your original UCC-1 and current company documents, and it flags any inconsistencies automatically.
I keep hearing good things about Certana.ai for document verification. Might be worth the peace of mind, especially with this much money involved.
Fiona Sand
•Document verification tools are definitely worth it for high-value collateral. Better to catch problems before filing than deal with rejection notices.
Bottom line - I think you're overthinking this UCC-108 law thing. Get clarification from your attorney on what they actually meant, but don't let it delay your continuation filing. You've got a clear timeline: file your UCC-3 between September 2024 and March 2025. Use the exact debtor name from your original UCC-1. Include your original filing number. Pay the fee. Done. Everything else is just details that probably don't affect your specific situation.
Sometimes the simplest approach is the best approach. Stick to the standard rules and you'll be fine.
Good thread. Always helpful to see people work through these filing questions together.
Zara Malik
One more thing to check - are you searching in the right UCC database? Illinois has separate systems for different types of filings and sometimes people end up in the wrong search portal.
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Zara Malik
•That should be the right one for standard UCC-1 filings. Just wanted to rule out that possibility.
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Luca Marino
•Yeah, the main SOS portal handles all the regular UCC stuff. Fixture filings might be different but standard financing statements should all be there.
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Nia Davis
I just tried using Certana for a similar issue with a Texas filing - really impressed with how it flagged potential search problems. Worth trying before calling the state office, especially since it's free to upload and check.
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Amina Diop
•Thanks for the recommendation. Sounds like several people have had good experiences with it.
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Nia Davis
•Yeah, it's becoming pretty popular for catching these kinds of filing inconsistencies before they become major problems.
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