A UCC-3 Amendment can perfect a security interest in new collateral by modifying an existing UCC-1 Financing Statement. It adds new instruments, property, or assets to the original filing, ensuring the secured party‘s interest is perfected as of the UCC-3 filing date. The amendment eliminates the need for a new UCC-1, provided the original filing is still active. To ensure validity, the UCC-3 must describe the new collateral in detail and be filed promptly with the appropriate authority. This process extends the scope of the original UCC-1, securing the additional assets effectively.
When handling a BILL (Bill of Exchange) or NOTE (Promissory Note), applying principles from the Uniform Commercial Code (U.C.C.), federal statutes, and historical resolutions ensures a secure and lawful process to establish control, discharge debts, and enforce obligations
In the realm of civil litigation, summary judgment serves as a powerful procedural tool to resolve cases where there is no genuine dispute of material fact. Plaintiffs, ™STEVEN MACARTHUR-BROOKS© ESTATE and ™STEVEN MACARTHUR-BROOKS© IRR TRUST, have invoked this mechanism to propose an Order Granting Summary Judgment against Defendants. Their claim is fortified by well-established legal principles, an unassailable record of unrebutted affidavits, and adherence to statutory and procedural rules.
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Claiming your estate and becoming a secured party is essential not for owning assets but for controlling them privately. When you properly establish yourself as the executor, authorized representative, and trustee of the "U.S. citizen" ens legis, you gain priority control over the estate, placing a lien on all assets as evidenced by a "security agreement" in accordance with UCC 9-509. This process ensures you have legal authority over the assets tied to your estate. Here’s a comprehensive explanation:
Contracts, legally binding agreements between parties, are often formed through mutual consent, typically involving an offer and acceptance. Silence, known as tacit agreement, acquiescence, or tacit procuration, can also legally bind parties to contract terms. This concept becomes vital when challenging purported fraudulent loans like mortgages. Through the strategic use of commercial affidavits, one can utilize contract law principles such as the mailbox rule, the Uniform Commercial Code (UCC), and relevant statutes to enforce or modify contract terms. However, it is equally important to recognize that using Federal Reserve Notes (FRNs) for debt payment may be interpreted as tacit acceptance of the contract’s terms, potentially resulting in the abandonment of one’s assets and exemptions. This action may further expose the purported borrower to legal risks under federal law.
anyone can file a UCC-1 against anyone else. To protect both secured creditors and debtors, Article 9 has strict requirements that must be met for a filed UCC-1 to be effective. One of those requirements is that the financing statement must be authorized by the debtor. Even if that authorization is way of a non-response to an affidavit and/or notice, silent acquiescence, tacit agreement, and/or tacit procuration.
The straw man/franchise/ens legis/trust/U.S. Citizen(created and defined by 14th Amendment), typically represented by your name in ALL CAPS LETTER, is […]
Many ask when presented with an issue, “Should I hire an attorney? ” That is a question that each must […]
Private Citizen – is someone who is private and not governed by any de facto corporation like the U.S. […]
When you were born, you were born a Live – living, breathing, flesh-and-blood human being, and considered SOVEREIGN! If you […]