Secured Transactions Demystified

An understanding of the law of secured transactions is essential for any lawyer representing a client in connection with a loan or other extension of credit. Payment of the credit is often secured by a security interest in accounts receivable, inventory, equipment, or other personal property, which is governed by Article 9 of the Uniform Commercial Code. Whether representing a borrower or lender, you need to know the key concepts of Article 9 and how to draft or review the documentation necessary for the security interest to be enforceable against the borrower, to protect the collateral from the interests of third parties, and to enforce the security interest. This program focuses on the steps required to create, attach, and perfect a security interest under Article 9-with the desired priority. The faculty also address the rights of third-party account debtors; security interests in more specialized collateral, such as titled goods, securities and securities accounts, intellectual property, and virtual currency; choice-of-law; and bankruptcy issues.