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About the Teleseminar
UCC issues touch a range of real estate transactions, from development and finance to leasing. There are complex issues and traps in drafting agreements to take security interests in the right type of collateral, whether it now exists or is later developed, ensuring priority over other types of claimants and related enforcement issues. There are also issues concerning the interrelationship of UCC Article 9 (secured transactions), UCC Article 3 (negotiable instruments), and UCC Article 5 (letters of credit). This program will provide you with a practical guide to the range of UCC issues in real estate development, finance and leasing, and in real estate closings.
- UCC issues in real estate transactions and closings – secured transactions, negotiable instruments, and letters of credit
- Issues for FF&E, rents, deposit accounts, letters of credit, equity pledges and loan portfolios
- Collateral traps – sale proceeds, after-acquired collateral, future advances
- Financing statements – name of debtor, location of debtor, indication of collateral and fixture traps
- Priorities – fixtures, investment properties, financial instruments, deposit accounts and more
- UCC issues in real estate closings
About the Speaker
Steven O. Weise is a partner in the Los Angeles office Proskauer Rose, LLP, where his practice encompasses all areas of commercial law. He has extensive experience in financings, particularly those secured by personal property. He also handles matters involving real property anti-deficiency laws, workouts, guarantees, sales of goods, letters of credit, commercial paper and checks, and investment securities. Mr. Weise formerly served as chair of the ABA Business Law Section. He has also served as a member of the Permanent Editorial Board of the UCC and as an Advisor to the UCC Code Article 9 Drafting Committee. Mr. Weise received his B.A. from Yale University and his J.D. from the University of California, Berkeley, Boalt Hall School of Law.
Mandatory MCLE Credit Hours
This seminar qualifies for 1.0 MCLE Credit Hour