Thread: a trust and UCC
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Old 10-14-2003, 02:09 PM
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suijuris suijuris is offline
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Re:a trust and UCC



You are correct, that is the reason for filing UCC against the trust. What I am getting at is that it needs to be bullet proof, so that if a court attacts the validity of the claim, it can be backed up as being 100% legit and the 3rd party questioning the validity of the claim can not discredit it. That is why I would not recommend that the trustee be the one to file a UCC against the trust.

I go back to my earlier question: What reason would the trustee have to be the one filing the UCC statement? Do you see what I am getting at? Why is he claiming to be the secured party of the trust?
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