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According to the Uniform Commercial Code (UCC), a security interest in collateral that has been perfected in one state will generally transfer to another state
According to 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 state. Which of the following statements is true about the reperfection of the security interest after the four-month period? Multiple choice question. The secured party may not reperfect the interest. The secured party may reperfect the interest only in a state other than the new state. The secured party may reperfect the interest in the new state. The secured party may reperfect the interest only by taking physical possession of the collateral
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