Jurisdictional Updates

Article 9 and Lien-Related Legislation Arkansas:  HB 1255, which would regulate cross-collateralization clauses, passed the House on 2/25/2021.  The bill would provide requirements for an enforceable cross-collateralization clause in a security instrument, mortgage or deed of trust that secures indebtedness

CSC is focused on service and security. Unlike some competitors, CSC does not rely on a network of small, potentially unstable local affiliates, and we have a 120-year history of acting as registered agent with processes and protections that comply with even the most rigorous regulations.

Article 9 and Lien-Related Legislation Montana: Legislation Revises Tax Deed and Tax Lien Process House Bill 23 signed by the governor and effective February 23 revises the tax deed and tax lien process.  The bill text can be accessed at

Article 9 and Lien-Related Legislation Kansas: SB 58, which would address fraudulent liens and UCC financing statements, passed the Senate on 2/8/2021 and was assigned to the House Judiciary Committee.  The bill prohibits the filing of liens on real or

Iowa: Senate Study Bill 1151 was introduced on 2/2/2021 to create a warehouse drying and storage lien, which would be an agricultural lien within the scope of UCC Article 9.  In addition, the bill would create a central notification system

Article 9 and Lien-Related Legislation Arkansas:  House Bill 1255 was introduced on 1/25/2021 to regulate cross-collateralization clauses.  The bill would provide requirements for an enforceable cross-collateralization clause in a security instrument, mortgage or deed of trust that secures indebtedness incurred

On January 1, 2021, the U.S. Congress overrode the President’s December 23, 2020 veto of H.R. 6395, the National Defense Authorization Act. Embedded in the 1,480-page bill as Division F Anti Money Laundering is The Corporate Transparency Act (CTA), which

The governor on December 29 signed four bills extending until June 30, 2021 remote procedures (signing, witnessing, notarizing and recording) for certain records.  Senate Bill 1186 (Public Act 335) Uniform Electronic Transactions Act – https://www.legislature.mi.gov/documents/2019-2020/billenrolled/Senate/htm/2020-SNB-1186.htm Senate Bill 1187 (Public Act

The Department of State Division of Corporations sent dissolution and revocation notices in error between Friday, January 1 and Monday, January 4.  According to information received from the Division of Corporations, the notices were sent to all entity types and

U.S. House Bill 6395, the National Defense Appropriations Act, became law January 1 when Congress overrode the president’s veto.   Among the bill’s many provisions are Division F Anti-Money Laundering which will require many business entities formed and registered in state