United States Second Circuit

The following question is certified to the Delaware Supreme Court: Under UCC Article 9, as adopted into Delaware law by Del. Code Ann. tit. 6, art. 9, for a UCC-3 termination statement to effectively extinguish the perfected nature of a UCC-1 financing statement, is it enough that the secured lender review and knowingly approve for filing a UCC-3 purporting to extinguish the perfected security interest, or must the secured lender intend to terminate the particular security interest that is listed on the UCC-3?

Appellate Information

• Decided 06/17/2014
• Published 06/17/2014

Judges

• WESLEY

Court

• United States Second Circuit

Counsel