SUPPLEMENT UPDATE: North Carolina Secured Transactions Under Article 9 of the Uniform Commercial Code: Forms and Practice Manual, June 2022 (1.14)

by Edward C. Winslow III, Esq.; Randall A. Underwood, Esq.; S. Leigh "Bo" Rodenbough IV, Esq.; Jamey Mavis Lowdermilk, Esq. and Samantha Hovaniec, Esq.

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SUPPLEMENT UPDATE: North Carolina Secured Transactions Under Article 9 of the Uniform Commercial Code: Forms and Practice Manual, June 2022 (1.14)

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Edward C. Winslow III, Esquire, Managing Partner in the Greensboro office of Brooks Pierce, represents business and corporate clients with an emphasis in the fields of banking and financial services. He attended the University of Montpellier in France and Davidson College before earning his J.D. at the University of North Carolina (high honors, Order of the Coif).

Randall A. Underwood, Esquire, a Partner in the Greensboro office of Brooks Pierce, practices primarily in the fields of banking, debt and equity finance, and real estate. He earned his B.S. at the University of North Carolina at Chapel Hill and his J.D. at the University of Virginia.

S. Leigh "Bo" Rodenbough IV, Esquire, also a Partner in the Greensboro office of Brooks Pierce, practices in the fields of commercial and business tort litigation, commercial real estate, and mergers and acquisitions. He earned his B.A. at the University of North Carolina at Chapel Hill and his J.D. at the University of North Carolina (high honors, Order of the Coif).

Jamey Mavis Lowdermilk, Esquire, is an associate with Brooks, Pierce, McLendon, Humphrey & Leonard, LLP. Born and raised in North Carolina, she received her bachelor’s degree from the University of the South, her master’s in Applied Economics & Statistics from Clemson University, and her law degree from the University of North Carolina School of Law. She was admitted to the North Carolina Bar in 2017.

Samantha J. Hovaniec, Esquire, is an associate with Brooks, Pierce, McLendon, Humphrey & Leonard, LLP. Born and raised in North Carolina, she received her bacchelor's degree from the University of North Carolina at Chapel Hill and her law degree from the University of North Carolina School of Law. She was admitted to the New York Bar in 2019 and the North Carolina Bar in 2021.

Addressed in this year's supplement:

  • Updates on publications of the Uniform Law Commission and the American Law Institute regarding consignments and choice-of-law rules.
  • New case law on the intricacies of possession, attachment, and enforcement with cautionary examples.
  • A new practice pointer on financing statements for corporate clients.
  • Expanded details on the appropriate name for a financing statement.
  • New practice pointers on security in accounts and insurance policies.
  • Form revisions reflecting expanded definitions.

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