Secured Transactions Overview of Priority Prepared by Professor Stephen L. Sepinuck © 2015 all rights reserved Overview of Priority.

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Presentation transcript:

Secured Transactions Overview of Priority Prepared by Professor Stephen L. Sepinuck © 2015 all rights reserved Overview of Priority

AttachmentPerfectionPriority Scope: § Classify: § Requirements: § Description: § Special Rules: § Gov. Law: § – Method: §§ – Filing: §§ – 9-510, 9-516, Classify Claimants Analytical Method Overview of Priority

Classify Claimants Analytical Method Overview of Priority Debtor Secured Party Judicial Lien Creditor Debtor Secured Party Statutory Lienor Debtor Secured Party Secured Party Seller / Lessor Debtor Secured Party Debtor Secured Party Buyer / Lessee / Licensee

Overview of Priority Classify Claimants Analytical Method Overview of Priority Debtor AB C A vs. BB vs C A vs. CB vs D B vs. CC vs D Debtor AB CD A vs. B A vs. C B vs. C

Overview of Priority AttachmentPerfectionPriority Scope: § Classify: § Requirements: § Description: § Special Rules: § Proceeds: § Commingling: § Gov. Law: § – Method: §§ – Filing: §§ – 9-510, 9-516, Proceeds: § Commingling: § Changes: §§ 9-316, Classify Claimants PMSI Future Advances Locate Rules(s) Analytical Method Overview of Priority

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