CLE: UCC—Collateral Liquidation
Join us online from noon until 1 p.m. Thursday, Sept. 12 to enhance your knowledge on what the Uniform Commercial Code does and doesn’t mandate on the liquidation of collateral, the legal issues involved, and what happens if the liquidation isn’t commercially reasonable. Attorneys with basic practice experience who are responsible for the lawfully correct disposition of UCC-style collateral who attend this seminar will better understand: the need to confirm the borrower's default; the secured party’s obligations on debtor’s default; how to take possession of collateral; the debtor’s right to redeem collateral; the procedures for full and partial foreclosure; how and when to give notice of sale; the differences between a public or private sale; knowing when a sale is commercially reasonable; the application of sale proceeds; and the legal effects of a sale.
The program is presented by the ISBA Commercial Banking, Bankruptcy, and Collections Section. It qualifies for one hour MCLE credit.