Hillman on Documenting Secured Transactions: Effective Drafting and Litigation

This practical guide provides you with rock-solid, readable guidance. Based on the original work by Judge William C. Hillman, a recognized U.C.C. authority, this edition of Hillman on Documenting Secured Transactions presents Article 9 best practices from a twenty-first-century perspective, giving you a working grasp of the legal, technical, and business aspects of Article 9 transactions.

Nearly twenty years into Revised Article 9, with the 1999 revisions and 2010 amendments now adopted by all fifty states, this edition focuses on Revised Article 9 as the current law, adding glosses and other background on prior law under Prior Article 9 and pre-Revision case law where helpful.

This edition also:

• Explains that a debtor has sufficient rights in an account or general intangible when it has performed its obligations to the account debtor, even if the debtor must satisfy a condition before it is entitled to payment
• Examines how, unlike the assignee of the trademark, a secured party is not obligated to use or protect the trademark
• Explains that a secured party’s use of a non-registered assumed name does not affect the attachment or perfection of the security interest
• Discusses how the term “accounts” alone does not necessarily include the records that substantiate the accounts
• Examines the effects of the 2022 Amendments to the Uniform Commercial Code, which are designed to accommodate emerging technologies and affect nearly every Article of the Uniform Commercial Code