Kristopher (Tip) Lee

Kristopher (Tip) Lee

Winthrop & Weinstine, P.A.

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Erroneous UCC-3 Termination Leads to Disastrous Consequences

In a recent decision, a U.S. Court of Appeals held that the filing of a UCC-3 termination statement in a relatively simple payoff transaction between General Motors and a lender was still considered "authorized," despite the...more

1/30/2015  /  Appeals , Commercial Bankruptcy , General Motors , Lenders , Perfected Security Interest , Secured Debt , UCC Financing Statements , UCC Termination Statement , Uniform Commercial Code (UCC)
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