Skip to content

In re: Perry Hollow Management Company, Inc.

Case URL: 

On July 23, 2002 the U.S. Court of Appeals for the First Circuit held that a security interest was not perfected if a UCC-1 financing statement was incorrectly filed due to the lender reliance on the representations of the debtor as to the correct location of the debtor. The case deals with a pre-Revised Article 9 filing but illustrates the necessity for lenders to verify information provided by the debtor.

Penalties View All

Search Courtwatch