Which Article of the UCC Covers Secured Transactions - Need This for Filing Requirements

Thanks for the clarification! So when I'm doing my UCC-1 filing for equipment, all the debtor name requirements and collateral description rules come from Article 9?

Exactly right. Article 9 sets the standards for how you describe collateral, what constitutes a proper debtor name, continuation timing requirements, all of it. The individual states may have some variations in their filing procedures but the underlying law is Article 9.

Good point about state variations. We're filing in Texas, Colorado, and Nevada so I'll need to check if there are any state-specific Article 9 differences that affect our UCC-1 filings.

Nevada has some quirky debtor name requirements under their Article 9 adoption. Texas is pretty straightforward. Haven't dealt with Colorado recently but they used to be strict about collateral descriptions.

That sounds useful. Did it help with the collateral description consistency too or just debtor names?

It checks everything - debtor names, filing numbers, document consistency. Really helpful for multi-state situations where you need all your UCC documents to align perfectly.

How accurate is it compared to manual checking? I've been burned by automated tools before that missed important details.

Good reminder about the 2001 revision. The debtor name rules especially changed significantly with revised Article 9.

Yeah the old Article 9 was much more flexible about names. Now it's very strict about matching registered organization names exactly.

All our collateral is equipment so we should be fine with just Article 9 UCC filings. No real estate or fixtures involved.

Equipment is definitely Article 9 territory. Just make sure your collateral description is specific enough to identify the equipment but not so specific that it becomes outdated if equipment gets replaced.

The American Law Institute website has good summaries of each UCC article. Most law libraries also have UCC practice guides that explain the different articles.

Don't forget Article 4A for wire transfers and Article 5 for letters of credit. But yeah, for secured transactions it's definitely Article 9.

That's a good distinction. The filing and continuation requirements are pure Article 9, but if you ever need to foreclose or collect, other state laws come into play.

Right, and bankruptcy law can override some Article 9 provisions too, but that's getting pretty deep into the weeds for basic UCC filing questions.

The equipment has been in operation for about 3 years so no PMSI issues. But good point about checking those rules for future acquisitions.

PMSI rules under Article 9 can be tricky, especially the timing requirements for filing to maintain super-priority status.

Don't forget about chattel paper and instruments. Article 9 covers those too, though the perfection rules can be different.

And electronic chattel paper has its own special rules under Article 9. The law has really evolved to keep up with technology.

The choice of law rules in Article 9 can get complex, especially for registered organizations with operations in multiple states.

I had a case where we filed in the wrong state initially because we didn't properly analyze the debtor's location under Article 9. Had to refile everything and pay additional fees.

That's exactly why I started double-checking everything with verification tools. One small mistake in interpreting Article 9 location rules and you can void your entire security interest.