Structuring Secured Lending Transactions: Identifying Property the Debtor Does Not Own and Dealing with Restrictions on Assignment
Interpreting Best Efforts, Ordinary Course, Business Judgment, Reasonable Discretion
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE webinar will discuss drafting and interpreting exclusions from collateral for assets that are subject to restrictions on being pledged by the loan parties. The speaker will also discuss the Article 9 rules that override restrictions on assignment.
Outline
- Identifying property the debtor does not own
- Property owned by a related party
- The undisclosed partnership
- Statutory trusts
- Constructive trusts
- Dealing with restrictions on transfer
- Legal restrictions
- Contractual restrictions
- UCC overrides
- Caveats
Benefits
The speaker will review these and other questions:
- What are the traps for the unwary in exclusions from collateral for assets that are subject to restrictions on assignment or security interests?
- What are the Article 9 rules that override restrictions on assignment?
Faculty
![Sepinuck, Stephen](/img/t/c2da14b09beeb87d73a6d733bd932b83.jpg)
Stephen L. Sepinuck
Special UCC Advisor
Paul Hastings
Professor Sepinuck began his career practicing law and after a few years became a full-time academic in 1989. He... | Read More
Professor Sepinuck began his career practicing law and after a few years became a full-time academic in 1989. He specializes in courses on Secured Transactions, Bankruptcy, Sales, Contracts, and Transactional Skills and has authored numerous articles, written 20 books, and won awards for both his teaching and his scholarship. In the 1990s, Professor Sepinuck served as an advisor to the Drafting Committee that revised Article 9 of the Uniform Commercial Code and he chaired its Task Force on Deposit Accounts. From 2006-2009 he served as chair of the ABA’s UCC Committee and around that time served as the ABA Advisor to the Joint Review Committee for Article 9 of the UCC. Professor Sepinuck has served as reporter for the Uniform Certificate of Title for Vessels Act and as the Associate Reporter for the 2022 UCC Amendments on Emerging Technologies. In 2022, he returned to full-time private practice as Special UCC Advisor at Paul Hastings.
Close