Search the Lounge


« Michael Jackson's Will | Main | How to Make Americans Save More? Get Rid of the Women. »

June 27, 2009


Feed You can follow this conversation by subscribing to the comment feed for this post.

Tim Zinnecker

Prisoners unite! Stay strong! Let's put a copy of the UCC in every cell (right next to those Gideon Bibles)!

Filing "fraudulent" liens (or financing statements) against government officials is nothing new -- at least in Texas, where members of a certain organization have been known to file liens against our elected officials. (How long will it be before a disgruntled student slaps a lien on my assets?) Anyway, the UCC permits the "victim" to file a "correction statement" in the public records, telling his/her side of the story. The correction statement doesn't make the fraudulent filing disappear, however. See generally 9-518. For that, you'll probably have to seek a court order. Oh, and Texas has adopted a non-uniform amendment to address this concern, the effect of which may trigger prosecution under the Texas Penal Code. The non-uniform amendment reads in part:

(a) A person may not intentionally or knowingly present for filing or cause to be presented for filing a financing statement that the person knows:

(1) is forged;
(2) contains a material false statement; or
(3) is groundless.

(b) A person who violates Subsection (a) is liable to the owner of property covered by the financing statement for:

(1) the greater of $5,000 or the owner's actual damages;
(2) court costs; and
(3) reasonable attorney's fees.

(c) A person who violates Subsection (a) also may be prosecuted under Section 37.101, Penal Code.

See Texas Business and Commerce Code 9.5185.

It's a Saturday morning, not even 8:00 a.m., and I'm blogging about the UCC! Today will be a GREAT day!!!

Tim Zinnecker

teresa Bugarin

v 19-09 hi my name teresa i live san francisco ca bay area i found information about the about ucc redemption process is it true our birth certificate filing of a uniform commercial code has a value in the billions assigned to individuals i have relative in state prison i want to help him get out i need more information do i have go through nexus i need help fast teresa please E-mail ASP thank you

cheap chanel handbags

The more you learn, the more you know, The more you know, the more you forget. The more you forget, the less you know. So why bother to learn.

The comments to this entry are closed.


  • StatCounter
Blog powered by Typepad