Article 9 of the Uniform Commercial Code’s approach to multi-state transactions leaves much to be desired. The recently proposed Revision will significantly alter the approach taken for multi-state transactions. The Revision’s approach is not only easier to understand, but it also provides significantly more certainty to the secured party that it was filed in the proper location and thereby perfected it security interest. The approach taken by the Revision is a vast improvement over the Code and should be embraced by the Missouri legislature, borrowers, lenders, and practitioners.
Cory L. Collins,
How Secure Are You--The Effects of Perfection and Non-Perfection under Article 9 of the Uniform Commercial Code,
66 Mo. L. Rev.
Available at: https://scholarship.law.missouri.edu/mlr/vol66/iss2/9