Don’t be confused or intimidated by any terms or abbreviations in the M&A world. You’ll find answers here.
A form used to make changes (e.g., continuation, release, termination, etc.) to a previously filed UCC-1 statement.
Promissory note, security agreement, UCC.
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.
Thank you for filling out the form