• videocam Live Webinar with Live Q&A
  • calendar_month January 13, 2027 @ 1:00 PM ET/10:00 AM PT
  • signal_cellular_alt Beginner
  • card_travel Banking and Commercial Finance
  • schedule 90 minutes

The ABCs of the UCC Article 9: A Secured Transactions Primer for Banking, Commercial Finance, and Corporate Lawyers

Understanding Security Interests, Perfection, Priority, and Enforcement Without Returning to Law School

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About the Course

Introduction

This CLE course will provide experienced attorneys with a working framework of UCC Article 9, covering attachment, perfection, priority, default, and enforcement. Our presenter will address security agreements, financing statements, collateral, and bankruptcy implications, offering strategies to spot issues and avoid drafting, diligence, and filing mistakes often encountered and missed in corporate, finance, bankruptcy, restructuring, and commercial transactions.

Description

Article 9 of the Uniform Commercial Code is everywhere in corporate and commercial practice. It governs the liens securing revolving credit facilities and acquisition financing, determines who has priority in a borrower's assets, shapes diligence in corporate transactions, and becomes critically important when a borrower defaults or files bankruptcy. Yet many practicing lawyers never took Secured Transactions in law school—or took it years ago and have not had occasion to revisit the fundamentals.

This 90-minute program provides a practical, accessible discussion of Article 9 designed specifically for lawyers who encounter secured transactions in corporate, finance, bankruptcy, restructuring, and commercial practices. Rather than approaching Article 9 as an academic exercise, the program follows the life cycle of a typical secured transaction: attachment, perfection, priority, default, and enforcement. Using common transaction documents and real-world examples, the program will explain what lawyers need to know about collateral descriptions, security agreements, financing statements, filing locations, proceeds, deposit accounts, perfection by control and possession, competing liens, purchase-money security interests, and the consequences of getting Article 9 wrong.

Listen as esteemed panelist George Singer provides an authoritative review of the Article 9 life cycle and gain practical strategies to spot issues; develop key transaction questions to ask to determine when additional Article 9 analysis is required; and determine whether a creditor holds a perfected first-priority lien. The lessons learned will help practitioners and their clients avoid costly drafting, diligence, and filing mistakes.

Presented By

George H. Singer
Partner
Holland & Hart

Mr. Singer is a trusted advisor to public and private companies, offering strategic counsel on complex corporate finance and commercial transactions to help clients structure, negotiate, and manage risk. He represents lenders, borrowers, administrative agents, private equity firms, and their portfolio companies in sophisticated debt and equity financings. Mr. Singer also advises clients on mergers, acquisitions, divestitures, and other strategic transactions, aligning legal strategy with their broader business goals. When companies or loans encounter financial distress, he provides business-informed legal guidance to help clients preserve value and minimize risk. Mr. Singer advises on liability management transactions and counsels clients on credit extension and recapitalization issues, including workouts and out-of-court restructurings, developing innovative solutions to challenging legal and financial issues. A Fellow of the American College of Bankruptcy, he brings deep insight and experienced leadership to bankruptcy and restructuring matters. Mr. Singer represents a wide array of stakeholders—including business debtors, creditors, trustees, and official committees—in Chapter 11 proceedings across the country. He serves as lead counsel in distressed M&A transactions, including Section 363 sales under the Bankruptcy Code. Mr. Singer also handles a wide range of commercial disputes, including cases involving fraudulent and preferential transfers, successor liability claims, lien priority conflicts, guaranty enforcement, and intercreditor agreement issues.


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Credit Information

  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.


  • Live Online


    On Demand

Date + Time

  • event

    Wednesday, January 13, 2027

  • schedule

    1:00 PM ET/10:00 AM PT

I. Article 9 in 10 minutes: The road map

A. What Article 9 governs—and what it does not

B. Debtors, obligors, secured parties, and collateral

C. The three questions that drive almost every Article 9 problem: Is the lien attached? Is it perfected? Who has priority?

D. Scope: hidden liens/claims

II. Attachment: creating an enforceable security interest

A. Value, debtor rights in collateral, and authentication

B. Security agreements and collateral descriptions

C. After-acquired property

D. Proceeds

III. Perfection: making the security interest effective against third parties

A. Financing statements and the UCC-1

B. Debtor names and filing locations

C. Perfection by filing, possession, or control

D. Deposit accounts, securities accounts, and other special collateral

E. Common filing mistakes

IV. Priority: Who wins?

A. The basic first-to-file-or-perfect rule

B. Perfected vs. unperfected security interests

C. Buyers and lien creditors

D. Purchase-money security interests

E. Consignments

F. Why a properly drafted security agreement does not necessarily mean the creditor has first priority

V. Default and enforcement

A. Article 9 remedies

B. Repossession and disposition of collateral (foreclosure)

C. Commercial reasonableness

D. Deficiencies and surplus

VI. What happens in bankruptcy

A. Secured claims

B. "True sales”

C. Lease assumption and rejection

VII. Real-world Article 9 encounters and practice pointers

A. Loan closings and closing checklists

B. M&A lien searches and payoff letters

C. Amendments, continuations, and terminations

D. Workouts and restructurings

E. Bankruptcy implications

F. Practical issue spotting for lawyers who are not Article 9 specialists

The panel will review these and other key issues:

  • Understand the framework of Article 9, including the rules for attachment, perfection, and priority, and how they work together in the architecture of an Article 9 secured transaction
  • Identify the principal requirements for creating and perfecting security interests, including security agreements, collateral descriptions, financing statement and perfection by filing, possession, or control
  • Recognize competing lien and priority issues, including the first-to-file-or-perfect rule, purchase-money security interests, proceeds, and important exceptions
  • Understand the basic remedies available to secured creditors following default, including repossession, disposition of collateral, commercial reasonableness, and the impact of bankruptcy
  • Identify common Article 9 mistakes in corporate finance transactions, including defective filings, inadequate collateral descriptions, missed perfection requirements, and problems arising during loan closings, acquisitions, and workouts