Full Description
Written by attorneys with over fifty years of combined experience in commercial law and secured transactions, Security Agreements Line by Line provides a detailed examination of the document which serves as the cornerstone of most secured credit relationships. This book explains the purpose behind each provision of a security agreement and highlights the negotiating positions of the secured creditor and the debtor. The authors describe the perfection of security interests under the Uniform Commercial Code and other applicable State and Federal law, the essential step which puts the secured creditor in a position to realize on the collateral pledged to repay a loan. Finally, the book details those circumstances when a creditor with a valid and perfected security interest may nonetheless lose its position in the collateral because of the provisions of the Federal Bankruptcy Code or other applicable law. Security Agreements Line by Line is a comprehensive and essential desk reference for attorneys, bankers, and others who deal with commercial transactions.
