marine lending

This article is the third of our three-part series on Uniform Commercial Code (“UCC”) sections 9-207 and 9-610. These model code provisions govern the duties associated with the preservation and disposition of secured collateral. In the following article we address the duties of a marine lender associated with the marketing and sale of repossessed vessels.  […]

This article is the second of our three-part series on Uniform Commercial Code (“UCC”) sections 9-207 and 9-610. Those model code provisions govern the duties associated with the preservation and disposition of secured collateral. In the following article we address the duty of reasonable care and preservation as it applies to lenders who have repossessed […]