Corporate Bank wants to perfect its security interest in inventory owned by Direct Sales Company.Most likely,a financing statement should be filed with

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A financing statement should be filed with the secretary of state to perfect a security interest in inventory. This is because the Uniform Commercial Code (UCC) requires that security interests in personal property, including inventory, be filed with the appropriate state agency, which is usually the secretary of state's office. Filing with the county clerk may be appropriate for real estate, but not for personal property like inventory. Filing with the bank manager or federal loan officer is not an option for perfecting a security interest.

Corporate Bank Wants to Perfect Its Security Interest in Inventory