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Originally Posted by I.S.L.A.M
Has anyone ever heard of using a LLC as the secured party and your strawman as the debtor on a UCC? I've been studying this for some months now and this is a suggestion that came from a contact. Anybody now how this could turn out?
Replies are appreciated
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the normal use of ucc is by a business so you would have no problem doing what you suggest,
however the ucc program as such is about "knowing"
yourself and who YOU are which means if your say'
"daves used cars llc" and you file ucc papers on a customer it is not the same "state of mind"
so to speak