On Tuesday, April 22 Arizona Governor Jan Brewer signed Senate Bill 1046 containing the Amendments to UCC Revised Article 9 with no non-uniform provisions. Arizona enacted Alternative A, the so called “only if” option for individual debtor names. The text of the bill, which is effective immediately, can be viewed here.
The Arizona Secretary of State’s office is currently accepting the most recent version of the national UCC forms, which contain a 2011 revision date. The Filing Office has indicated that after May 22, 2014, it will no longer accept forms with a revision date earlier than 2011.
An updated matrix of the individual states’ adoption of the new amendments to the Article 9 of the Uniform Commercial Code, including the recent event in Arizona, will be posted to this blog in the next few days.