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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.
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.