BarbriSFCourseDetails

Course Details

This CLE course will examine the attachment and perfection of security interests in various types of unusual collateral. The panel will discuss the laws and protocols beyond Article 9 of the UCC that come into play when perfecting interests in trademarks, copyrights, insurance policies, agricultural produce, securities, maritime vessels, and motor vehicles.

Faculty

Description

Security interests in "uncommon" collateral raise complex issues under both UCC Article 9 and other state and federal laws. Although the UCC governs the creation and perfection of security interests in collateral, other statutes, regulations, or treaties can supersede or preempt the UCC.

The interplay of federal and state laws can impact the perfection of security interests in intellectual property and unique collateral such as maritime vessels, motor vehicles, and railroad cars. Security interests in insurance policies and investment property also have unique treatment. Farm produce and the proceeds thereof present special federal and state law issues as well.

Counsel must understand the specific considerations for such uncommon collateral to best protect their clients' interests.

Listen as our panel of corporate finance practitioners explains best practices for advising clients on creating and perfecting security interests in uncommon collateral. The panelists will offer their perspectives and experiences on navigating the complex and unique issues that arise under Article 9 and other pertinent statutes, regulations, and treaties.

Outline

  1. Creating and perfecting security interests in uncommon collateral under the UCC
  2. Special issues governed by other statutes, regulations, and treaties
    • Intellectual property
    • Insurance policies and proceeds
    • Agricultural products
    • Motor vehicles
    • Maritime vessels
  3. Resolving issues involving preemption or superseding law
  4. Pitfalls to avoid and best practices

Benefits

The panel will review these and other key questions:

  • What uncommon collateral can be subject to federal or state law impacting methods of creation and perfection of secured interests?
  • What are the potential pitfalls for secured parties seeking attachment, perfection, and priority of secured interests in uncommon collateral?
  • What are the superseding or preemption issues that counsel should understand?