Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

Interpleader: What Is It And Why Is It An Effective Remedy In An Escrow Holder’s Arsenal? – Part II

July 30, 2015 UCC, Corporate

This week we introduce guest blogger and attorney Shelley Gould from the Law Offices of David B. Bloom. She delves into what an interpleader action is and how escrow officers can utilize this tool and why. Today’s post is the second and final part of the article. BENEFITS OF FILING AN INTERPLEADER ACTION There are multiple benefits to instituting an interpleader action. Many times escrow hasn’t closed and the Escrow holder is faced…READ MORE

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Interpleader:  What Is It And Why Is It An Effective Remedy In An Escrow Holder’s Arsenal? – Part I

July 23, 2015 UCC, Corporate

This week we introduce guest blogger and attorney Shelley Gould from the Law Offices of David B. Bloom. She delves into what an interpleader action is and how escrow officers can utilize this tool and why. Today’s post is the first of two parts; part 2 will be posted in next week’s blog. Please share your thoughts below. Interpleader clauses can be found in the general provisions of standard escrow instructions for the sale of a business…READ MORE

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When Is My Annual Report Due?

July 17, 2015 Corporate

Last week’s blog post discussed why you need to file an annual report for your entity. This week we’re providing you a chart detailing when Annual Reports are expected to be filed in all 50 States. Check it out below. Part I State Foreign Corp Domestic Corp. Foreign NP Corp Domestic NP Corp Alabama 2.5 Months 2.5 Months Not required Not required Alaska Jan. 2nd Jan. 2nd July 2nd July 2nd. Arizona Anniversary Date Anniversary…READ MORE

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Why Do I Need to File an Annual Report for My Entity?

July 09, 2015 Corporate

The Secretary of State requires each company organized or incorporated within the State of North Carolina to file an Annual Report as a means of keeping the Secretary of State updated with registered agents, addresses, officers, directors, members and managers.  It is especially important to make necessary changes to addresses and registered agents on the Annual Report to assure that the Secretary of State notifies your company of issues…READ MORE

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UCC Paper Filings No Longer Accepted by New Jersey Secretary of State Effective July 1, 2015

July 06, 2015 UCC, Online UCC System

Effective July 1, 2015, the state of New Jersey will no longer allow for UCC paper filings and electronic filings will be required. In addition to this change, it is important to note that establishing priority will be an issue as UCC filings will no longer be stamped with the time at which the filing was accepted. Further changes to the UCC process in the state of New Jersey regarding collateral and secured party naming to perfect a security…READ MORE

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