Legal Question in Business Law in Kentucky
UCC Filing
We sold a piece of equipment our customer on credit terms. We delivered it to their customer. As a rule we file a UCC on equipment purchases over $10K. Would we list both companies as ''debtors'' on the UCC Financing Statement or just the company we sold to?
Asked on 1/08/07, 2:36 pm
1 Answer from Attorneys
John Bator
Bator Redman & Shive
Re: UCC Filing
Always err on the side of caution-since you know that another party has both possession and some colorable claim to title, file in both names, assuming your contract is with your customer.
If they are entities, you must file in the state where they are incorporated/established
Answered on 1/08/07, 4:03 pm
Related Questions & Answers
-
Starting an Internet Business I'm considering starting a website that will have... Asked 8/09/06, 2:06 pm in United States Kentucky Business Law
-
I used to own my own business I had my own business and retired so the company was... Asked 7/23/06, 10:41 pm in United States Kentucky Business Law
-
Ownership of Original Creative My company has designed, produced and installed... Asked 6/23/06, 3:12 pm in United States Kentucky Business Law
-
Is a verbal agreement legal & binding in the state of Ky and for how long? Asked 5/30/06, 1:01 pm in United States Kentucky Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
