WebApr 5, 2024 · *A fixture filing is a UCC-1 financing statement authorized and made in accordance with the UCC adopted in the state in which the related real property is located. It covers property that is, or will be, affixed to improvements to such real property. ... Filing in the land records provides notice to third parties, including title insurance ... Web(40) "Fixture filing" means the filing of a financing statement covering goods that are or are to become fixtures and satisfying Sections 9.502(a) and (b). The term includes the filing of a financing statement covering goods of a transmitting utility that are or are to become fixtures. ... without notice of a defense or claim in recoupment of ...
§ 9-502. CONTENTS OF FINANCING STATEMENT; RECORD OF …
Web(e) [Effect of filing continuation statement.] Except as otherwise provided in Section 9-510, upon timely filing of a continuation statement, the effectiveness of the initial financing statement continues for a period of five years commencing on the day on which the financing statement would have become ineffective in the absence of the filing ... WebFiling a UCC financing statement is a protective measure because it provides a public notice to other parties. Debtors also benefit because the notice system helps them obtain business funding. Legally, it puts the creditor in the position of a secured creditor; and a perfected UCC financing statement may be acted on in case of default. bmv brownsburg in 46112
Best Practices for UCC-3 Terminations and Continuations
WebFixture Filing (a) Certain portions of the Mortgaged Property are or will become “fixtures” (as that term is defined in the UCC) on the Land, and this Mortgage, upon being filed for record in the real estate records of the county wherein such fixtures are situated, shall operate also as a financing statement filed as a fixture filing in … WebContents of financing statement; record of mortgage as financing statement; time of filing financing statement. (a) Subject to subsection (b), a financing statement is sufficient only if it: (1) provides the name of the debtor; (2) provides the name of the secured party or a representative of the secured party; and. (3) indicates the collateral ... WebFeb 24, 2024 · (a) Place for Filing Notice of Lien. The lien imposed by M.G.L. c. 62C, § 50 shall not be valid as against any mortgagee, pledgee, purchaser, or judgment creditor until notice of the lien has been filed by the Commissioner as follows: 1. Real Property and Fixtures. With respect to real property and fixtures, notice shall be filed in the ... bmv brownsburg indiana hours