Aaron C. Garnett,left, and Zachary J. Bancroft,right, of Baker Donelson. Courtesy photos Florida Supreme Court: No Safe Harbor for UCC Errors
On Aug. 25, the Florida Supreme Court issued an opinion in 1944 Beach Boulevard v. Live Oak Banking, No. SC21-1717 holding that Article 9 of the Florida Uniform Commercial Code (the UCC) is unforgiving with respect to any error in the debtor's name contained in a UCC-1 financing statement filed with the Florida Secured Transaction Registry (the Registry).
September 21, 2022 at 09:49 AM
5 minute read
On Aug. 25, the Florida Supreme Court issued an opinion in 1944 Beach Boulevard v. Live Oak Banking, No. SC21-1717 holding that Article 9 of the Florida Uniform Commercial Code (the UCC) is unforgiving with respect to any error in the debtor's name contained in a UCC-1 financing statement filed with the Florida Secured Transaction Registry (the Registry).
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