Is New York a UCC state?
New York State’s Uniform Commercial Code (“UCC”) guides the sale of commercial business transactions, including the sale of goods between parties. Article 9 of the UCC governs transactions that combine a debt with a creditor’s interest in a debtor’s personal property.
Has New York adopted the Uniform Commercial Code?
After years of failing to revise its Uniform Commercial Code (UCC), New York finally adopted modern versions of UCC Articles 1, 7 and 9 in a bill signed by Gov. Andrew M. Cuomo in late December 2014.
Why would someone have a UCC filing?
A UCC-Uniform Commercial Code-1 statement is a legal notice filed by creditors as a way to publicly declare their rights to potentially obtain the personal properties of debtors who default on business loans they extend.
How long is a UCC good for New York?
five years
(a) Five-year effectiveness. Except as otherwise provided in subsections (b), (e), (f), (g), and (h), a filed financing statement is effective for a period of five years after the date of filing.
How much is New York’s debt?
New York State Ranks Second Highest in Outstanding Debt Nationwide. At the end of State Fiscal Year (SFY) 2019-20, the State reported the following debt levels: $2.1 billion of constitutionally-authorized, voter-approved general obligation debt, a decrease of 22.2 percent since SFY 2015-16.
How do I find UCC information for a person in Indiana?
You can find Uniform Commercial Code information on any person or corporation in Indiana or other states by performing a search on the UCC website of the state or territory where the person resides or the corporation is registered. Use the links below to jump straight to the correct search page for Indiana or find the page for another state.
How do I file a UCC financing statement?
To file a UCC Financing Statement, Amendment, or Information Statement, click File Now. Purchase a search certificate and images by debtor name or file number. A search for a particular name will not yield other versions of that name, such as nicknames, misspellings, or assumed names.
How do I perform a New York State debtor search?
To perform a search using the “standard” search logic, use the “NYS Standard Debtor Search” link.
How to find out if a company is registered in Indiana?
Find out if a company registered in Indiana is also registered in other states. Use the SecStates custom corporation web search tool. Choose the state for the person or corporation you are researching.