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Let’s TalkUCC-3
A form used to make changes (e.g., continuation, release, termination, etc.) to a previously filed UCC-1 statement.
See Also
Promissory note, security agreement, UCC.
Tips
UCC agreements often expire after a period of time. When a seller is financing the sale of their business, they should check the expiration date on the original UCC lien. A UCC-3 form can be filed to renew the original UCC lien.
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