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July 25 - Secured Transactions Practice: Security Agreements to Foreclosures Part 2

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Date of Teleseminar: Thursday July 25, 2024
Time of Teleseminar: 11 a.m. - Noon MT
Credit: 1.0 G


Secured transactions are the most common form of commercial transactions, and help finance businesses of every size. They are governed by the complex provisions of UCC Article 9. Getting every detail in financing statements, security agreements, and perfection of credits is essential. Agreements can be costly and time consuming to draft, and full of risk. Failure to comply with UCC Article 9 in drafting security agreements, perfecting a creditor’s interest, or foreclosing a lien can easily cause the value of the underlying transaction to be lost. This program will provide you with a real-world guide to UCC Article 9 practice.

Part 2:
  • Framework for the foreclosure of personal property under UCC Article 9
  • Foreclosing on equipment, inventory, intellectual property, and accounts receivable
  • Duties of junior creditors to senior creditors on foreclosure
  • Rights to proceeds of foreclosure sales and reducing foreclosure costs
  • Rights of guarantors
  • Debtor remedies in the event of a secured party default
  • Cost-efficient alternatives to foreclosures and circumstances when these alternatives are available

Speaker:

Steven O. Weise is a partner in the Los Angeles office Proskauer Rose, LLP, where his practice encompasses all areas of commercial law. He has extensive experience in financings, particularly those secured by personal property. He also handles matters involving real property anti-deficiency laws, workouts, guarantees, sales of goods, letters of credit, commercial paper and checks, and investment securities. Mr. Weise formerly served as chair of the ABA Business Law Section. He has also served as a member of the Permanent Editorial Board of the UCC and as an Advisor to the UCC Code Article 9 Drafting Committee. Mr. Weise received his B.A. from Yale University and his J.D. from the University of California, Berkeley, Boalt Hall School of Law.


Important information & login instructions:

  • This is not eligible as part of the 2024 Annual Pass.
  • Minimum attendance requirements must be met. No partial credit available.
  • Registration closes the day before the program; registration and payment must be received prior to 10 a.m. MT the day before the event.
  • About a day before the teleseminar, you will receive an email from cleonline@sbnm.org with the link to dial in via internet audio along with all relevant course materials. Please contact us prior to the program if you do not receive this email/link.
  • Teleseminars count as "Live Credit" for your yearly compliance.