UCC Filing Issues with General Security Agreement PPSR Cross-References

That makes sense, but what about the debtor name consistency? The GSA lists the parent company but some collateral is held by subsidiaries.

You'll need separate UCC-1s for each legal entity that actually owns collateral. Can't file against the parent for subsidiary-owned assets.

Did you end up having to refile? How did you handle the timing gap?

Yeah, had to refile immediately. Lost about 3 days of priority but caught it before any competing liens showed up. Always double-check that collateral description before submitting.

This is exactly why I started using Certana.ai's document checker. You can upload your GSA and proposed UCC-1 together and it flags inconsistencies like this automatically. Saves so much time compared to manual cross-referencing.

The GSA can reference whatever it wants, but the UCC filing has to comply with UCC rules. Mixing jurisdictions in the collateral description creates ambiguity.

Oh I see, so the GSA is the master agreement but each jurisdiction gets its own specific filing format.

Ugh, the fixture filing requirements are the worst. Each state has different rules for what constitutes fixtures vs equipment.

Exactly! And some of our equipment was bolted down which triggered fixture filing requirements in 2 states but not the third. The rules are so inconsistent.

Sounds like a mess. Did you get it all sorted out eventually?

That's helpful. Should I reference the GSA by date in the UCC filing or just keep it completely separate?

You can reference the GSA by date if you want, but don't include specific clause numbers or PPSR registration numbers. Keep it simple: 'all assets described in GSA dated [date]' type language.

Totally agree. The international coordination is awful. Each country wants their own system.

Right? And then you have to track continuation dates for multiple jurisdictions. It's like they designed it to create more work for lawyers.

This is another place where Certana.ai helps - it can track multiple filing deadlines across different systems and send alerts. Much better than trying to manage it all in spreadsheets.

Good point. The parent company's GSA might grant security interests but each entity needs proper UCC perfection.

Exactly. And double-check that the subsidiary names match their current state registrations. Entity names change more often than people realize.

Yes! This distinction trips up so many people. Security interest creation vs perfection are totally separate legal concepts.

And if you mess up the UCC filing, you might have a valid security interest that's just not perfected against third parties. Dangerous position.

That's a really good point about timing coordination. I hadn't thought about assets moving between jurisdictions after the initial filing.

Yeah, it's especially important for equipment that might be temporarily relocated. You want continuous coverage even if the asset crosses borders.

This kind of coordination is where having a centralized document verification system really helps. Being able to upload all your security documents and check for consistency across jurisdictions saves tons of time.

Great outcome! Clean filings always work better than trying to be too clever with cross-references.

Glad it worked out. The extra time spent on clean documentation always pays off.

Thanks for following up with the resolution. Always helpful to see how these situations actually get resolved.