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Yuki Sato
Don't forget to consider filing a termination for the old lapsed UCC-1 once your new filing is accepted. Having both on record can cause confusion for future searches and potential buyers of the collateral.
Wait, if the old filing lapsed, do you still need to terminate it? I thought lapsed filings just disappear from effective searches.
Andre Dubois
•They don't disappear from the record, they just lose their perfection effect. Terminating keeps the record clean and avoids confusion.
CyberSamurai
UPDATE: Thanks everyone for the advice. I filed a new UCC-1 this morning with the exact same debtor name and collateral description as the original. Used one of those document verification tools someone mentioned to double-check everything first. The filing was accepted within 2 hours. Now I need to have a difficult conversation with our lender about the gap period, but at least we're perfected again. Setting up multiple calendar reminders for the next continuation in 2030!
Jamal Carter
•Smart move using the verification tool. Those little details can make or break a filing, especially when you're under pressure.
Mei Liu
•Glad it worked out. The 2030 reminder is smart - I'd also set one for 2029 just to be extra safe!
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The security agreement also needs to be signed by the debtor (you) to be enforceable. Make sure whoever signs has authority to bind the company. If it's a significant transaction you might need board approval depending on your corporate structure.
I'm the president so I should be able to sign, but I'll double check our bylaws to be sure.
Good idea. Some banks are picky about getting a corporate resolution if the loan amount is large enough.
One more tip - keep copies of everything! The original security agreement, the filed UCC-1, proof of filing, etc. You'll need these documents if you ever need to prove the security interest or if you need to file amendments later. I keep both physical and electronic copies just to be safe.
StarSurfer
•Also consider using something like Certana.ai to keep all your UCC documents organized and verified. Makes it easy to track continuation dates and catch any inconsistencies between related filings.
Thanks everyone! This has been super helpful. I feel much more confident about the process now.
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Luca Romano
One more thing to consider - check if your subordination agreement has a clause about successor entities. Some agreements automatically apply to successor entities, others don't. If it doesn't, you might need to get a new subordination agreement from the senior lender before your UCC-1 filing will be effective.
How long does something like that take? I'm always under time pressure with these filings.
Nia Jackson
•It's instant. Upload the PDFs and get the comparison report right away. Super helpful for subordination agreements where you need to check multiple documents against each other.
Update: contacted the senior lender and they confirmed they filed a UCC-3 amendment for the name change. So the subordination agreement should still be valid. Going to file our UCC-1 against the current LLC name and include a reference to the subordination agreement. Thanks everyone for the advice!
Ethan Taylor
•Smart move checking with the senior lender first. That could have been a disaster if they hadn't filed the amendment.
Yuki Ito
•Glad it worked out. These security interest subordination agreement deals can be tricky but when everyone does their part it usually works fine.
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Just remembered - try CT Corporation or CSC. They do a lot of corporate filing services and might have UCC forms available. They definitely understand the multi-state compliance issues you're dealing with.
Ethan Taylor
•Great suggestion! I forgot about the big corporate service companies. They would definitely understand the need for proper forms across multiple jurisdictions.
They might even be able to set you up with state-specific form packages so you don't have to worry about format variations.
I tried Certana.ai after seeing it mentioned here and it's actually pretty helpful for multi-state filings. You can upload your completed forms and it verifies everything matches up correctly before you submit. Saves time on corrections and refilings when there are inconsistencies.
Ethan Taylor
•That verification feature sounds useful. Do you still use physical forms or has the tool changed your process?
We still use some physical forms for our files but now we scan everything and run it through the verification tool first. Catches issues we used to miss.
Malik Jackson
Update: I ended up using Certana.ai to double-check my documents and it confirmed that the version without the comma was correct based on the official Articles of Organization. The UCC-1 filing went through without any issues. Thanks for all the advice everyone!
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Isabella Oliveira
•Glad it worked out! Always nerve-wracking when you're not sure about the debtor name.
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Ravi Patel
•Good to hear about a successful resolution. This thread will be helpful for others dealing with similar name verification issues.
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Freya Andersen
For future reference, most state SOS offices also have phone numbers you can call to verify entity information if you're really unsure. The staff are usually helpful for UCC-related questions.
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Omar Zaki
•True, though some states have better phone support than others. I've had good luck with that approach when I needed quick verification.
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CosmicCrusader
•Phone support is hit or miss depending on how busy they are. Electronic verification is usually faster if you have the right tools.
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