Why the UCC1 Filing?

WHY THE UCC1 FILING?

Short Explanation of the UCC1 Financing Statement

The first question most people ask me is why must I file my UCC1 Financing Statement?

Below is a short explanation of how the Uniform Commercial Code (UCC) was created and

why.

Around the time of the war between the United States and the southern states of the

American union, the United States was busy putting together a plan that would increase the

jurisdiction of the United States. This plan was necessary because the United States had no

subjects and only the land ceded to it from the states, ie. the District which was only ten

miles square and such land as was necessary for forts, magazines, arsenals, etc.

WHY THE UCC1 FILING.pdf

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