United States Second Circuit

Order of the Bankruptcy Court holding that a mistaken UCC-3 termination statement was unauthorized and therefore not effective to terminate a secured lender's interest in a debtor's property is reversed and remanded, where, although the termination statement mistakenly identified for termination a security interest that the lender did not intend to terminate, the secured lender authorized the filing of the document and the termination statement was effective to terminate the security interest.

Appellate Information

• Decided 01/21/2015
• Published 01/21/2015

Judges

Court

• United States Second Circuit

Counsel