Is It a Case of UCC Article 8 Versus 9?" /> Is It a Case of UCC Article 8 Versus 9?" />
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Is It a Case of UCC Article 8 Versus 9?

Institutions that maintain and manage securities accounts for businesses and other customers perform a critical function for the securities and lending…

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Institutions that maintain and manage securities accounts for businesses and other customers perform a critical function for the securities and lending industries. These intermediaries, consisting primarily of investment managers, broker-dealers and banks, manage more than $62 trillion in assets for both individual and institutional clients. In so doing, they enable customers to hold and borrow against investment property. See Amicus Brief of the Securities Industry and Financial Markets Association, Forest Capital v. Blackrock, No. 15-1551 (4th Cir. Sept. 21, 2015), at 1 (ECF No. 28-1).

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