Question

For an individual debtor, the UCC-9 should be filed in the state of the debtor’s a. Primary b. secondary c.vacation residence. For a corporation, limited liability company or other organization that is required to file formation papers with the state, the form should be filed in the state where the organization is:_______. A. registered B. doing business. For all other entities, it is the state in which the business is:_________. A. Located B. Doing business, or if there is more than one office, the place at which the debtor A. manages B. maintains
It’s operations and affairs.

Answer 1

Answer:

1. Primary

2. Registered

3. Located

4. Manages.

Explanation:

The ucc-9 is an article 9 which is under the uniform commercial code and its duty is to ensure that transactions are secured.

1. the UCC-9 should be filed in the state of the debtor’s primary residence.

2. For a corporation, limited liability company or other organization that is required to file formation papers with the state, the form should be filed in the state where the organization is registered.

3. For all other entities, it is the state in which the business is located.

4. if there is more than one office, the place at which the debtor manages.