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Kansas Introduces the 2010 Amendments to UCC Article 9

The Kansas House introduced legislation on Thursday, February 2, 2012 to enact the 2010 Amendments to UCC Article 9.  House Bill 2621 provides the Alternative A “Only If” approach for individual debtor name sufficiency in Section 9-503(a)(4) and adopts the uniform effective date of July 1, 2013.  The bill omits the amendments to the safe harbor forms in Section 9-521.  Instead,Kansaswill retain its current non-uniform K.S.A. Section 84-9-521, which provides that a filing office may not refuse to accept a written record on a form prescribed by the secretary of state. The bill does not appear to contain any other significant non-uniform provisions.

CSC will provide updates for any significant developments with HB 2621 and all other state Article 9 legislation.