CT Lien Solutions Blog

January jurisdictional holidays

Set forth below is the State Holiday List for the month of January 2011. As always, please bear in mind that the dates are subject to change as states often make last minute revisions to their holiday closing schedules.

State	Holiday	Date
GA, MS, RI, SC, TN	New Year’s Day (Observed)	January 3
VA	Lee Jackson Day	January 14
HI, ME	Furlough Day	January 14
ALL	Martin Luther King, Jr.’s Birthday* (* In AL, AR and MS, also Robert E. Lee’s Birthday; in ID, also Idaho Human Rights Day; in WY, also Wyoming Equality Day)	January 17
PA	Inauguration Day	January 18
HI	Furlough Day	January 28



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Authoritative guide to new amendments to UCC Article 9

CT Lien Solutions has been committed to educating the industry on the proposed revisions to the UCC Article 9. As a comprehensive guide from another source, we point to Norman Powell's article published in the Young Conway Stargatt & Taylor, LLP "Delaware Transactional & Corporate Law Update" of summer 2010.

Norman Powell is one of the country's leading authorities on Article 9. A prominent member of the NCCUSL and ABA Commercial Law committees, Mr. Powell is among the closest in the industry to the new amendments.

Mr. Powell's article describes the substance of and rationalization behind each of the revisions, including those involving:

• Introduction of the term "public organic record"
• New definition of "registered organization" classification
• Perfection in security interest following a change in debtor location
• Newly named "information statement" and related changes
• New requirements for filings against collateral of transmitting utilities
• Other important revisions

Finally, the article addresses what Mr. Powell deems (and we agree) "perhaps the greatest and most significant of the 2010 Amendments", those amending Section 9-503 of the Uniform Commercial Code--Name of Debtor and Secured Party. As Mr. Powell writes, "these changes are relevant to filings against registered organizations, filings where collateral is being administered by the personal representative of a decedent, filings where collateral is held in a trust that is not a registered organization, and, most significant of all, filings against individual debtors."

Click here to read the full text of Norman Powell's article.

 

Updated December jurisdictional holidays

The dates below are accurate as of the date of this publication. Please note that because States often make last minute revisions to their holiday closing schedules, this chart is subject to change.



State	Holiday	Date
UT	Furlough Day	December 3
HI, UT	Furlough Day	December 10
HI, UT	Furlough Day	December 17
GA, IN	Washington's Birthday (Observed)	December 23
ME, MD	Furlough Day	December 23
AR, IL, KY, MI, OK, VA	Christmas Eve (Observed)	December 23
ALL, except CA, MA, NY	Christmas Day (Observed)	December 24
CT, WI	Furlough Day	December 27
LA, MS, NC, RI, SC, TN	Christmas Day (Observed)	December 27
SC	Day After Christmas (Observed)	December 28
MD	Furlough Day	December 30
KY, MI	New Year's Eve (Observed)	December 30
LA, OR, WI	New Year's Eve (Observed)	December 31
UT	Furlough Day	December 31
AL, AK, AZ, AR, CO, CT, DC, FL, HI, ID, IN, IA, KS, KY, ME, MD, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, SD, TN, UT, VT, VA, WA, WV, WY	New Year's Day (Observed)	December 31

Audiorecording of Webinar Series – UCC Article 9 Proposed Amendments

Recently CT Lien Solutions partnered with the Commercial Finance Association to offer a two-part webinar series on the new proposed amendments to the UCC Article 9. Tim Hall, Managing Attorney with CT Corporation, moderated the series.

For those who did not attend this webinar, we’d like to present you the opportunity to listen to the audiorecordings. Click here to listen to Part 1, and here for Part 2.