Roberto Financing is incorporated in Delaware and does business throughout all 50 states in the United States and in China and India. If it wants to file a UCC-1 financing statement to perfect a security interest on collateral, where would be allowable according to the law?

Question

Quizplus · Accepted Answer

The correct place to file a UCC-1 financing statement to perfect a security interest is in the state where the debtor is incorporated or organized, which in this case is Delaware. The Uniform Commercial Code (UCC) governs these filings in the United States, and it specifies that the filing should be made in the debtor's location, which for a registered entity like a corporation, is its state of incorporation.

Roberto Financing Is Incorporated in Delaware and Does Business Throughout