Details

Practice under Article 9 of the UCC, Second Edition is a comprehensive guide for lawyers facilitating secured transactions. This updated edition summarizes the provisions of Article 9 as it was revised and as it is contained in the 2010 Official Text of the UCC. The 2010 Official Text includes the 2002 revision of Article 1 of the UCC and the 2003 revision of Article 7 of the UCC, with conforming amendments to Article 9. The 2010 Official Text also includes the amendments to Article 9 promulgated in 2010 (the "2010 amendments"). The "2010 amendments" address a narrow set of issues, but do not change the basic structure of Article 9 and are expected to become effective on July 1, 2013.

The Second Edition includes:

Articles in simple, clear language describing and summarizing all of revised Article 9. These articles, authored by Steven O. Weise, the ABA Advisor to the Revised Article 9 Drafting Committee, and Edwin E. Smith, a member of the Drafting Committee, are essential reading for anyone not fully familiar with the detailed rules in and numerous changes made by revised Article 9.

A dozen charts that provide vital guidance to practitioners on such things as:

- Article 9's confusing anti-assignment rules
- Obtaining and maintaining perfection
- Foreign filing systems
- Federal tax liens