UCC-3 Financing Statement | Practical Law

UCC-3 Financing Statement | Practical Law

UCC-3 Financing Statement

UCC-3 Financing Statement

Practical Law Glossary Item 1-382-3886 (Approx. 2 pages)

Glossary

UCC-3 Financing Statement

Also known as a UCC-3, and, depending on the context, a UCC-3 financing statement amendment, a UCC-3 termination statement, and a UCC-3 continuation statement. Under the Uniform Commercial Code, a UCC-3 is used to continue, assign, terminate, or amend an existing UCC-1 financing statement (UCC-1). The UCC-3 should always identify, by its file number, the UCC-1 to which it relates.