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Uniform commercial code 2025

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The document is an Amended Uniform Commercial Code Security Agreement between a corporation (DEBTOR) and a secured party, outlining the terms under which the DEBTOR guarantees a promissory note from its shareholders. It details the collateral provided as security, primarily consisting of irrigation equipment and related assets, and establishes the obligations of the DEBTOR regarding ownership, insurance, and maintenance of the collateral. The agreement also specifies conditions for default and remedies available to the SECURED PARTY in case of non-compliance.

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Click ‘Get Form’ to open the Uniform Commercial Code Security Agreement in the editor.
Begin by filling in the DEBTOR's name and corporation type at the top of the form. Ensure accuracy as this identifies the party responsible for obligations.
Next, input the amount of the Promissory Note and details of SHAREHOLDERS. This section establishes who is involved in the agreement.
In the Collateral section, describe all items being secured, such as irrigation equipment. Be specific to avoid any ambiguity regarding what is included.
Complete each warranty and covenant section carefully, ensuring that all statements about ownership and liens are accurate to protect your interests.
Finally, review all entries for completeness and correctness before signing. Utilize our platform’s features to save or share your completed document easily.

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What counts as goods under UCC?

A UCC (Uniform Commercial Code) financing statement is a mortgage or security agreement that uses personal property as collateral. These agreements are recorded in the county if real property is affected. Note: The Registrar-Recorder/County Clerk sells complete documents, not individual pages, of a document.

Does UCC apply to real property?

(1) Goods means all things (including specially manufactured goods) which are movable at the time of identification to the contract for sale other than the money in which the price is to be paid, investment securities (Article 8) and things in action.

What is considered an UCC?

What does UCC stand for? UCC stands for Uniform Commercial Code. The UCC is a set of laws concerning commercial transactions, such as the sale of goods. It also covers secured transactions, where a lender gains the right to foreclose on a borrowers collateral should the borrower default on the loan.

What contracts are covered by the Uniform Commercial Code?

Contract law is governed by the common law and the Uniform Commercial Code UCC. Common law governs contractual transactions with real estate, services, insurance, intangible assets and employment. UCC governs contractual transactions with goods and tangible objects (such as a purchase of a car).

Is a house considered a good under UCC?

UCC applies to all sales of tangible goods. It doesnt apply to stuff like real estate, stocks, bonds, etc.

uniform commercial code full text pdf

Uniform Commercial Code PDF Uniform Commercial Code Article 2 Uniform Commercial Code PDF 2024 Uniform Commercial Code book UCC codes to pay bills Uniform Commercial Code example Uniform Commercial Code California Uniform Commercial Code Article 9

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What is an UCC on a house?

The UCC does not apply to contracts related to the sale of land, intangible personal property, construction, or for services. The UCC applies to the sale of goods, which the Code defines as any moveable physical object except for money and securities. In other words, goods are tangible personal property.

What is the Uniform Commercial Code?

The Uniform Commercial Code (UCC), first published in 1952, is one of a number of uniform acts that have been established as law with the goal of harmonizing the laws of sales and other commercial transactions across the United States through UCC adoption by all 50 states, the District of Columbia, and the territories

Uniform commercial code 2025

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What is an UCC on a house?

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