Which of the following is true under the UCC regarding a security interest in collateral that has been perfected in one state when the collateral is moved to another state?
A) A security interest in collateral that has been perfected in one state will generally expire immediately when the collateral is moved to another state.
B) A security interest in collateral that has been perfected in one state will generally transfer to another state for a period of four months from the date that the property is brought into the other state.
C) A security interest in collateral that has been perfected in one state will generally transfer to another state for a period of six months from the date that the property is brought into the other state.
D) A security interest in collateral that has been perfected in one state will generally transfer to another state for a period of two months from the date that the property is brought into the other state.
E) A security interest in collateral that has been perfected in one state will generally transfer to another state for a period of 30 days from the date that the property is brought into the other state.

Question

Quizplus · Accepted Answer

Under the Uniform Commercial Code (UCC), a security interest in collateral that has been perfected in one state will generally transfer to another state for a period of four months from the date that the property is brought into the other state. This gives the secured party time to perfect the interest in the new state.

Which of the Following Is True Under the UCC Regarding