4.5: REVIEW- UCC - Wisconsin vs. Other States
Review:
The Uniform Commercial Code (UCC) is a comprehensive set of laws governing all commercial transactions in the United States . It is not a federal law, but a uniformly adopted state law. Uniformity of law is essential in this area for the interstate transaction of business.
Uniform Commercial Code (UCC) filings allow creditors to notify other creditors about a debtor’s assets used as collateral for a secured transaction. UCC liens filed with Secretary of State offices act as a public notice by the "creditor" of the creditor's interest in the property.
Since the Uniform Commercial Code is managed by each state, ALWAYS be sure you're using the correct information when dealing with the UCC.