Purchase Money Security Interests (PMSI) | Practical Law

Purchase Money Security Interests (PMSI) | Practical Law

This Note discusses purchase money security interests (PMSI), including their requirements under the Uniform Commercial Code (UCC), their UCC priority rules and advice when doing financing based on PMSI.

Purchase Money Security Interests (PMSI)

Practical Law Practice Note 1-515-2196 (Approx. 15 pages)

Purchase Money Security Interests (PMSI)

by Practical Law Finance and Practical Law Commercial Transactions, based on an original article by R. Marshall Grodner, McGlinchey Stafford PLLC
Maintained • New York, USA (National/Federal)
This Note discusses purchase money security interests (PMSI), including their requirements under the Uniform Commercial Code (UCC), their UCC priority rules and advice when doing financing based on PMSI.