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Article 9 ? Form and document application documentation
1. Application forms
a. Application data (to be completed by the applicant)
Based on Law no. 9072 DT.22.05.2003 ? On Power Sector? Amended,
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What is article 9 form?
Article 9 form is a legal document used to provide notice of a security interest in personal property. It is typically used when a debtor grants a creditor a security interest in their personal property as collateral for a loan.
Who is required to file article 9 form?
The debtor or the person granting the security interest is required to file the article 9 form. This is to ensure that the security interest is properly recorded and that any future potential creditors are aware of the existing security interest.
How to fill out article 9 form?
To fill out an article 9 form, you will need to provide information about the debtor and the secured party, describe the collateral that is being used as security, and outline the terms of the security agreement. The form must be filed with the appropriate state agency, usually the Secretary of State's office or a similar government office.
What is the purpose of article 9 form?
The purpose of the article 9 form is to create a public record of security interests in personal property. This allows potential creditors to conduct a search and determine what existing security interests may exist before lending money or entering into other transactions with the debtor.
What information must be reported on article 9 form?
The article 9 form typically requires information such as the names and addresses of the debtor and secured party, a description of the collateral, and any other relevant terms of the security agreement.
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