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The Maze of the UCC with Dr.David McDowell

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Prosperity Truth Law and Commerce

Prosperity Truth Law and Commerce

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Wat about the UCC. what can it do for you? Wy should you have one?

Name Change
Section 9-402(7) of the Code provides that when an organization or
individual changes its name so that a prior financing statement becomes
seriously misleading, the secured party need not refile under the new
name with respect to either collateral already owned by the debtor prior
to the name change or collateral acquired within four months of the
name change. 117 There must be a new filing, however, with respect to
collateral acquired more than four months after such name change.118

 

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