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UCC-3 Termination Statements

In a recent case, two large law firms and a major corporation failed to scrutinize a UCC-3 termination statement and may have inadvertently allowed $1.5 billion in indebtedness to become unsecured.

29 minute read December 31, 2014 at 11:00 PM
By
Christopher M. Winter
UCC-3 Termination Statements

Preparation of UCC-3 termination statements may be thought of as ministerial work best left to paralegals or administrative staff.

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