Over the past several years, states’ filing offices have been busy gaining legislative approval for implementing the amendments to Article 9 (Secured Transactions) of the Uniform Commercial Code. The changes are to go into affect July 1, 2013. Approx. 80% of the states have passed laws to date.
On March 20, 2013, Montana’s governor signed HB212 to enact the 2010 amendments to Article 9. Legislation in Mississippi (SB2609) and New Mexico (SB146) have also recently been passed and bills been sent to their governors for signature.
The transition to the 2010 Amendments means many states will need to change their UCC Forms. An excellent array of sample new forms is provided by the Texas Secretary of State at www.sos.state.tx.us/ucc/new-forms-alert.shtml .
Source: BRB Publications
W. Barry Nixon is the COO, PreemploymentDirectory.com the leading background screening information portal and online worldwide directory of professional background screening firms and Suppliers to the background screening industry. He co-authored the landmark book, Background Screening & Investigations: Managing Hiring Risk from the HR and Security Perspective. He also is the publisher of award winning newsletters, The Background Buzz and The Global Background Screener, and the author of the Background Checks column in PI Magazine.
In addition, Barry is a past recipient of the elite ‘Top 25 Influential People in Security’ by Security Magazine and past Co-Chair, International Committee for the National Association for Professional Background Screeners (NAPBS). He currently serves as a Global Ambassador for NAPBS.
You can contact Barry at 1-949-770-5264 or online at wbnixon@preemploymentdirectory.com