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Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

Purchase Money Security Rules in Equipment and Inventory – Part Two

Corporate, Due Diligence Something

We are pleased to welcome attorney, Bennett L. Cohen of Cohen, Salk and Huvard, P.C., as a special guest blogger. Please read on for the second installment of Bennett’s seven-part blog series on Purchase Money Security Interest in Equipment and Inventory. Frequently Asked Question # 2: What Obligations Qualify as a "Purchase Money Obligation"? The term “purchase money obligation” is defined under the Code as “an obligation… >> READ MORE


Purchase Money Security Rules in Equipment and Inventory – Part Three

Corporate, Due Diligence Something

We are pleased to welcome attorney, Bennett L. Cohen of Cohen, Salk and Huvard, P.C., as a special guest blogger. Please read on for the third installment of Bennett’s seven-part blog series on Purchase Money Security Interest in Equipment and Inventory. Frequently Asked Question # 4: Does a Holder of a PMSI in Inventory Prime an Earlier Perfected Security Interest in Accounts? First, it is important to recognize a basic Code priority… >> READ MORE


Purchase Money Security Rules in Equipment and Inventory – Part Six

Corporate, Due Diligence Something

We are pleased to welcome attorney, Bennett L. Cohen of Cohen, Salk and Huvard, P.C., as a special guest blogger. Please read on for the sixth installment of Bennett’s seven-part blog series on Purchase Money Security Interest in Equipment and Inventory. Frequently Asked Question #7: How Does a Lender Obtain a PMSI in Inventory? A purchase-money secured party who finances inventory for a borrower (or in the case of a seller, retains… >> READ MORE


Purchase Money Security Rules in Equipment and Inventory – Part One

Corporate, Due Diligence Something

We are pleased to welcome attorney, Bennett L. Cohen of Cohen, Salk and Huvard, P.C., as a special guest blogger. Please read on for the first installment of Bennett’s seven-part blog series on Purchase Money Security Interest in Equipment and Inventory. We are routinely fielding questions from loan officers about the mechanics of purchase money security interests in inventory and equipment. Lenders find themselves on both sides of… >> READ MORE


Purchase Money Security Rules in Equipment and Inventory – Part Four

Corporate, Due Diligence Something

We are pleased to welcome attorney, Bennett L. Cohen of Cohen, Salk and Huvard, P.C., as a special guest blogger. Please read on for the fourth installment of Bennett’s seven-part blog series on Purchase Money Security Interest in Equipment and Inventory. The Official Comment to Section 9-324 contains the following examples which demonstrate the application of the priority rules as they affect proceeds of inventory constituting accounts: "9.… >> READ MORE


Purchase Money Security Rules in Equipment and Inventory – Part Five

Corporate, Due Diligence Something

We are pleased to welcome attorney, Bennett L. Cohen of Cohen, Salk and Huvard, P.C., as a special guest blogger. Please read on for the fifth installment of Bennett’s seven-part blog series on Purchase Money Security Interest in Equipment and Inventory. Frequently Asked Question #5: How Does a Lender Obtain a Purchase Money Security Interest in Equipment?  A purchase money secured party who finances specific equipment for a borrower… >> READ MORE


Do you know State of Delaware Offers Preclearance Corporate Filing Service?

Corporate Something

For those of you who have never used the preclearance corporate filing service in Delaware, it really is a handy way to make sure you have drafted your document correctly. This service is particularly useful for documents that need to be processed as a rush, as you can be assured you will not encounter any problems or rejections once submitted. The state offers three tiers of preclearance service: routine, 24-hour, and 2-hour. The… >> READ MORE


Ordering a Civil Litigation Search: 5 Pieces of Information Your Searcher will Need from You

Corporate, Due Diligence Something

Conscientious searchers know that an exhaustive pre-funding due diligence investigation will include a search of court records for civil litigation involving their prospect. Not being attorneys however, many are unsure of what to order or what information they will need to provide to get the ball rolling. In addition to the search name, there are five basic pieces of information you will need to supply in order to secure a relevant and… >> READ MORE


[Important] Delaware SOS Website To Be Closed For Major Conversion

Corporate Something

The Delaware Division of Corporations office will be closed Friday, September 4, and will reopen on Tuesday, September 8. The reason for the closure is to implement a major computer system conversion over Labor Day weekend. The upgrade to its imaging, workflow and data systems will allow enhanced services and products and be its first major overhaul since 1989. You can read what is posted on the Delaware Secretary of State’s website… >> READ MORE


Understanding and Obtaining Good Standing Certificates

Corporate Something

We here at First Corporate Solutions get a lot of inquiries about and requests for good standing certificates. Those of us in the public records industry interact with these documents all the time. Sometimes though, regular folks with no experience in corporate documents are told they need a good standing certificate and they feel lost and confused about what to do. As the title suggests, this week’s blog post aims to provide readers with… >> READ MORE