Winter Leadership Conference | December 5-7 | Rancho Palos Verdes , CA Register Today View Schedule

Ring v. First Niagra Bank (In re Sterling United Inc.)

Convoluted collateral description in series of UCC filings was not "seriously misleading" with respect to trustee and was not grounds for avoidance.
Whether a needlessly convoluted description of collateral in a succession of U.C.C. financing statements causes a claim of security to fail as "seriously misleading" under N.Y. U.C.C. Law § 9-506.
ABI Membership is required to access the full summary of Ring v. First Niagra Bank (In re Sterling United Inc.). Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Commercial case opionion summary, case decided on October 03,2014, LexisNexis #1014-129