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About the Teleseminar
The 2010 Amendments to UCC Article 9 governing secured transactions, the most common form of commercial activity, took effect in early July 2013. The amendments work a fairly substantial change on existing secured transaction practice, changing filing procedures, increasing the protection of after-acquired liens, and covering changes to debtor names. These and other changes will have a direct and substantial impact on financing statements that are in progress and on due diligence on a going-forward basis. This program will provide you with a detailed review of changes to existing secured transaction practice under the 2010 Amendments, practical guidance on secured transactions in progress and during the transition period, and tips on due diligence going forward.
- Detailed review of UCC Article 9/Secured Transactions changes taking effect July 2013
- Ensuring financing statements are compliant with new Article 9
- After-acquired property liens after a mergers or change of location
- New filing procedures, issues related to debtor names, and trusts’ filing status
- How due diligence should change after recent changes to Article 9
- Practical guidance on how to handle transactions in the transition period
About the Speaker
Steven O. Weise is a partner in the Los Angeles office Proskauer Rose, LLP, where his practice encompasses all areas of commercial law. He has extensive experience in financings, particularly those secured by personal property. He also handles matters involving real property anti-deficiency laws, workouts, guarantees, sales of goods, letters of credit, commercial paper and checks, and investment securities. Mr. Weise formerly served as chair of the ABA Business Law Section. He has also served as a member of the Permanent Editorial Board of the UCC and as an Advisor to the UCC Code Article 9 Drafting Committee. Mr. Weise received his B.A. from Yale University and his J.D. from the University of California, Berkeley, Boalt Hall School of Law.
Mandatory MCLE Credit Hours
This seminar qualifies for 1.0 MCLE Credit Hour (Tentative)