CT Lien Solutions recently hosted a webinar on the July 2013 amendments to the UCC Article 9. With more than 1,500 attendees, our expert Tim Hall fielded a wealth of questions from the audience. Over the coming weeks, we will address some of those questions here on our blog. Keep coming back for more answers.
Q: Where do UCCs against Native American tribes get filed?
A: That depends upon the agreements between the tribe and the state, or whether there’s a reference in the security agreement. Tribes are considered to be insular possessions and fall within the definition of a state. But they do not necessarily all agree to abide by the law in that state. A lot of tribes in Minnesota have an agreement with the state of Minnesota to apply Article 9. Most lenders require it in the security agreement.
Tim Hall, Director of Government Relations, has been with CT Corporation for 15 years. He spent his first three years as a Team Leader for a UCC Service team, and has been with the Government Relations team for the remainder of his tenure. He is a graduate of The Ohio State University and the Northern Illinois University College of Law, and is a frequent speaker on Article 9 of the UCC.