Legal Question in Real Estate Law in New York
Ucc
Can a person file a UCC, on shares of a Co-op, in New York City, for monies unpaid?
Asked on 2/11/09, 12:53 pm
1 Answer from Attorneys
Michael Markowitz
Michael A. Markowitz, PC
Re: Ucc
If there is a security agreement in place, and the security agreement allows the creditor to file a UCC-1, than a UCC statement may be filed against shares of a cooperative located in NYC. Of course, the UCC-1 must be subordinate to the lien filed by the coop and the bank (if any).
Mike.
Answered on 2/11/09, 3:07 pm
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