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UCC Misuse Results in Criminal Conviction

Michael L. Weissman

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Can UCC filings be tools for criminal conduct? Earlier this year the Tennessee Supreme Court dealt with such a case. Read on to see what happens when forgery enters the UCC filing system.

The Facts

Four defendants filed 102 different UCC financing statements with the Secretary of State of Tennessee. One of the defendants was listed as the secured party in each instance, and each time the collateral was shown as a “claim of lien” based on a contract or lien for an amount …

About the Author
Michael L. Weissman
Counsel, Levin & Ginsburg Ltd.
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