MLchartDataset catalogue

UCC Financing Statement

Term · Law · MLC-T-LAW-005021

A legal form filed by a creditor to provide public notice that it has a security interest in personal property belonging to a debtor. This statement establishes the creditor's priority claim over the collateral against other creditors. The filing of a Uniform Commercial Code Financing Statement perfects the security interest, making it enforceable against third parties.

Table 1. Record
IdentifierMLC-T-LAW-005021
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-005021",
  "term": "UCC Financing Statement",
  "field": "Law",
  "definition": "A legal form filed by a creditor to provide public notice that it has a security interest in personal property belonging to a debtor. This statement establishes the creditor's priority claim over the collateral against other creditors. The filing of a Uniform Commercial Code Financing Statement perfects the security interest, making it enforceable against third parties.",
  "url": "https://mlchart.com/terminology/law/ucc-financing-statement/"
}

Record 5,132 of 5,441 in Law terminology (MLC-0107). Request the full dataset.