Back | WP 6.1 Version | ASCII Version

|

PDF Version

I. Report of the Chair (Burke).

II. Report of the Reporters (Harris and Mooney).

III. Substantive Issues.

A. Is the list of persons over which a purchase-money security interest has priority satisfactory? § 9-317(e).

B. Should a special rule be added to § 9-323 to extend the priority of a licensee in ordinary course over future advances?

C. Is the revised treatment of priority in proceeds, particularly proceeds of investment property perfected by control and proceeds of chattel paper (including returned and repossessed goods) satisfactory? §§ 9-322 and 9-330.

D. Is the new rule governing priority in crops satisfactory? § 9-331(i) and (j).

E. Is § 9-625(f), which is meant to correct an inadvertent change and restore the rule of former § 9-208, satisfactory?

F. Is the change to the definition of "registered entity" satisfactory? § 9-102.

G. Is new § 9-109(c)(4), which is meant to refer to § 5-114 all issues concerning the property rights of a secured party who becomes a transferee beneficiary of a letter of credit, satisfactory?

H. [Deleted.]

I. Should a secured party be required to apply noncash proceeds when received? See § 9-615(c).

J. Should a provision be added prohibiting a filing office from charging more for the § 9-521 forms than its lowest fee for filing written records?

K. Should a provision be added requiring a filing office to accept the § 9-521 forms without a cover page?

L. Should the filing-office performance standards and reporting requirements be retained?

M. Should § 9-617(b) be revised to provide that the transferee in a noncomplying disposition (whether public or private) takes free of rights and interests if it acts in good faith?

N. Should § 9-332 continue to hold transferees of money and funds to a different standard from that applicable to purchasers of instruments under § 9-331?

IV. Implementation of Decisions in Revised Annual Meeting Draft.

V. Procedure for Presentation to Conference.