Does North Carolina follow UCC?
North Carolina’s enactment of the UCC is codified in Chapter 25 of the North Carolina General Statutes (unofficial). North Carolina has adopted the following articles of the UCC: Article 1: General Provisions: UCC Article 1 deals with definitions and also the rules of interpretation of the provisions.
How do I file a UCC in NC?
How can I submit a UCC filing?
- E-Filing online.
- US Mail. NC Department of the Secretary of State. Attn: UCC. PO Box 29626. Raleigh, NC 27626-0626.
- Hand delivery. NC Department of the Secretary of State.
What is NC Uniform Commercial Code?
The Uniform Commercial Code Section operates under Chapter 25, Article 9 of the North Carolina General Statutes to provide a method of giving notice of a security interest in real property to interested third parties.
How do I find my UCC filings in NC?
All non-fixture UCC filings must be recorded with the North Carolina Department of the Secretary of State. A new national UCC form or facsimile should be used for filings. UCC forms are available for download via the North Carolina Department of the Secretary of State’s web page.
What states adopted UCC?
Currently, all 50 states, the District of Columbia, and the U.S. Virgin Islands have adopted the UCC as state law, although some have not adopted every single provision contained within the code.
What is a UCC fixture filing?
A fixture filing is a UCC financing statement with an addendum that is filed in the local jurisdiction where the real property is located and is then recorded in the real property records.
Can you have more than one UCC filing?
Even today though, there are times when a creditor may need to file UCC Financing Statements in more than one filing location in order to perfect. Multiple filings often come into play in transactions that involve multiple debtors. Consider an example where you are filing on a corporation name and an individual.
Did Illinois adopt the UCC?
Illinois has adopted the following Articles of the UCC: Article 3: Negotiable instruments: UCC Article 3 applies to negotiable instruments. It does not apply to money, to payment orders governed by Article 4A, or to securities governed by Article 8.
How do I file a UCC-1?
You should file a UCC-1 Financing Statement with the secretary of state’s office in the state where the debtor is incorporated or located. If the collateral is real property, then you should also file a UCC-1 with the county recorder’s office in the county where the debtor’s real property is located.
What states follow UCC?
Every U.S. state and the District of Columbia have adopted at least part of the UCC (though it has not been adopted as federal law). Each jurisdiction, however, may make its own modifications (Louisiana has never adopted Article 2), and may organize its version of the UCC differently.