Thursday, September 18, 2014

California Amends Uniform Commercial Code Article 9 Regarding Name of Individual Debtor on Financing Statements




California Amends Uniform Commercial Code Article 9 Regarding Name of Individual Debtor on Financing Statements
Neil J. Rubenstein, Esq.
September 2014

The California Legislature passed, and Governor Brown signed, Assembly Bill No. 1858, which changes the way individual debtors are identified in Uniform Commercial Code financing statements. The bill brings California into line with 40 other states, the District of Columbia and Puerto Rico, which have already enacted similar legislation. It becomes effective January 1, 2015.

Click here to read more.

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