First Corporate Solutions Welcomes Guest Speaker Darrell W. Pierce for Webinar on Upcoming Changes to Revised Article 9

First Corporate Solutions is hosting a webinar on November 08, 2011 that discusses the upcoming changes to Revised Article 9 of the Uniform Commercial Code. The guest speaker for the event will be attorney and well-known UCC expert, Darrell W. Pierce of Dykema Law Group. End Quote

(1888PressRelease) November 04, 2011 - First Corporate Solutions (FCS), a global UCC and corporate risk management and due diligence firm, announced that on November 08, 2011 they will be hosting a webinar event, "Impacts of the Upcoming Changes to Revised Article 9."

First Corporate Solutions' guest speaker for the event is attorney Darrell W. Pierce of Dykema Law Group. Mr. Pierce is a respected UCC scholar who served as a member of the Article 9 Study Committee for the Permanent Editorial Board for the Uniform Commercial Code, as Chair of the Article 9 Filing Project and as a primary drafter of the International Association of Commercial Administrators' Model Administrative Rules for Article 9 filing offices. He is a frequent lecturer and writer regarding UCC matters.

After nearly a decade of experience with the 1998 version of Article 9, the sponsors of the Uniform Commercial Code formed a Joint Review Committee (JRC) to address some issues that have arisen in the case law and in practice. Article 9 is complex and some technical issues and questions needed to be addressed. The question of how to handle individual debtor names on financing statements and searches has been sufficiently troublesome for secured parties that they began to demand a statutory "fix."

As states began to consider, and in a few cases adopt, non-uniform changes regarding individual debtor names, the Code sponsors determined that a uniform approach was warranted and formed the JRC. The JRC proposed uniform amendments in 2010 that were approved by the Code's sponsors and are now in the process of being enacted by the States, with the goal of uniform enactment by, and uniform effectiveness on, July 1, 2013.

This intermediate-level presentation, aimed at legal professionals, asset-based lenders and factors will explain the upcoming changes to Revised Article 9 and address their impacts on best practices.

"We are pleased to offer this webinar to help our customers and prospects prepare for the upcoming changes to Revised Article 9," said David Silverburg, President and CEO of First Corporate Solutions. "Darrell Pierce is one of the most respected speakers in the nation on UCC related matters, we are confident attendees will benefit from his insight."

Recorded versions of the presentation will be available for purchase for those unable to attend the live event. Interested parties can contact First Corporate Solutions at 800.406.1577 or info ( @ ) ficoso dot com dot

About First Corporate Solutions:
First Corporate Solutions (FCS) is a service, data and proprietary online system company providing global UCC & corporate due diligence solutions to help entrepreneurs, and Fortune 500 legal and financial institutions mitigate/evaluate risk and perfect secured transactions. FCS delivers its firm's core values - accuracy, efficiency and customer service - through fast turn-around times with no compromise to accuracy, competitive pricing with no hidden fees, and a true emphasis on personalized customer service. FCS' comprehensive UCC online search, filing & portfolio management system competes with any in the market today, combined with unique services such as Account Monitoring, Registered Agent and Real Estate Title. First Corporate Solutions is your one stop shop service partner!

###

space

Other Related Press Releases